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Trade Spotlight: How should you trade Wipro, Granules, Bharti Airtel, Cipla, IEX, and others on Thursday?

Money Control · 10d

The benchmark indices closed slightly higher after a rangebound trading session, with 1,398 shares declining and 944 shares advancing on the NSE. Here are some trading ideas for the near term: Cipla has broken out of a sideways consolidation and is expected to target levels of Rs 1,697. Indian Energy Exchange has started the next leg of its upmove and is expected to target levels of Rs 225–232. Bharti Airtel is trading at an all-time high and has a potential upside with a target of Rs 1,818. Lupin has achieved a multi-year breakout and has a target of Rs 2,638. Mphasis has shown strong momentum and is expected to reach Rs 3,690. Granules India has a target of Rs 865. Dalmia Bharat Sugar and Industries has broken out above the falling trendline of the bearish channel and has a target of Rs 525. Wipro has given a breakout above the Inverted Head & Shoulders pattern and has a target of Rs 610.