Market Trading Guide: Wipro, IRFC among 5 stock recommendations for Monday

Target Price: Rs 610

Stop Loss: Rs 529


Wipro has given a breakout of the resistance and closed above 52 weeks high with a spurt in volume indicating a bullish view. The price is trading above the 21DEMA indicating bullishness. The RSI after cooling off has started moving in the northern direction supporting price action.


(Kunal Kamble, Sr. Technical Research Analyst, Bonanza Portfolio)

Target Price: Rs 1290

Stop Loss: Rs 1444


Lodha has given a breakout of the Double Top Pattern on a daily time frame indicating bearish sentiment. The price is trading below the 50DEMA indicating bearishness. The RSI has also given a breakdown of the support level supporting the price action.


(Kunal Kamble, Sr. Technical Research Analyst, Bonanza Portfolio)

Target Price: Rs 600

Stop Loss: Rs 542


After the consolidation breakout on the daily timeframe, the stock looks promising for the short term. The price has been sustaining above the critical moving average. The RSI is in a bullish crossover and rising.

Target Price: Rs 800Stop Loss: Rs 700The stock has given a downward consolidation breakout on the daily chart. The trend remains positive as it has been sustaining above the critical moving average. The daily RSI is in a bullish crossover.

Target Price: Rs 230Stop Loss: Rs 208The stock has finally moved up after a consolidation breakout on the daily chart. The trend remains positive as it has been sustaining above the critical moving average. Daily RSI is in the bullish crossover.(Rupak De, Senior Technical Analyst, LKP Securities)(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of the Economic Times.)