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In the case of Wipro, Axis Securities said the IT stock has recently demonstrated a robust breakout above the neckline of the 'Inverted Head & Shoulders' pattern at Rs 444, accompanied by a strong bullish candle. This it said, indicates a positive bias.
New India Assurance Company has seen a decisive breakout of long downward sloping resistance trendline on the weekly charts and surpassed previous swing high of February 15, 2021.
Additionally, the Grayscale Bitcoin Trust (GBTC) recently achieved a trading volume of $800 million, further fueling positive sentiment in the market. Meanwhile, Ethereum traded above the $1,700 threshold, Edul added.
TCS is in focus after the IT major kickstarted the Q2 earnings season yesterday. Mint has collated views of brokerage firms and technical analysts to understand whether the stock is a ‘buy’ at this juncture or not. Let's take a look:
Buy or sell stocks: Sumeet Bagadia has recommended three stocks to buy on Monday — BEL, HDFC Bank and Wipro