23 January 2014

Indian Share Market Tips and Recommendations by Money CapitalHeight



CapitalHeight’s Intraday stock recommendation for 23/01/2014 is Wipro Ltd. It has been trading in uptrend from last few months. In today’s intraday trading session it was up by 0.94% and the stock is trading at all time high. On the daily chart, it made bullish pattern with white candlestick.
It is Day trading above short term moving average. Momentum indicator stochastic has also given positive crossover. All the indicators are suggesting that the stock can see some upside movement from this level. Its short term support level is at 550. One can go for long position in this stock above 582. The stock may test level of 605 in coming days.
Our recommendation on Wipro Ltd is LONG above 582 for the Target of 588-597.

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