Expect Infosys to hit Rs 1650 in 2-3 weeks: Angel

MUMBAI: Angel Broking is of the view that Infosys Technologies has broken out from 'Inverse Head & Shoulder' pattern. It has suggested traders to buy the stock for target of Rs 1650 in next 2-3 weeks.

���Infosys Technologies has given a breakout from the 'Inverse Head & Shoulder' pattern breakout around Rs 1470 levels along with rising volumes on the daily charts. This suggests a further up move in the coming weeks. Traders can buy this stock at current levels and on declines up to Rs 1470 with a stop loss of Rs 1425, with a target of Rs 1650 in the next 2 - 3 weeks,��� the report said.