Stock Radar: Wipro gives a breakout from inverse Head & Shoulder pattern; time to buy?
Wipro Ltd, a large-cap IT company, has broken out from an inverse head-and-shoulders pattern on daily charts, setting a potential for it to reach a new 52-week high. Analysts suggest buying with targets above Rs 600 in the next 1-2 months. The stock is trading above key moving averages and showing bullish signals.
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