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.