Bullish Breakout of inverse head and shoulder pattern
A bullish breakout of inverse head and shoulder pattern is likely to be happen in KPR Mills stock on weekly chart. The stock has given a clear cut breakout of inverse head and shoulder pattern with Neckline placed at 615 level. The stock is in a strong bullish momentum . The rising trend-line shows the formation of higher highs. Any sustainable move above 640 level can bring the stock up to 700 (10% return) in near term ant at 760 level within 6 -9 month time. Stop loss for this can placed around 590 level
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