 "technicals")
BUY
Biocon
Buy Above: Rs 253
Target: Rs 270
Stop Loss: Rs 245
The stock has been highly oversold in most of the time frames. At this juncture; it is hovering near a falling trend line support and we are witnessing a hammer kind of formation on the daily chart.
A move above high of the hammer might help the stock to recover a bit in the coming sessions.
Thus, we advise traders to go long in the stock above Rs 253 with a stop loss of Rs 245.
BUY
Wipro
Buy Above: Rs 400
Target: Rs 430
Stop Loss: Rs 385
At this point in time; the
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