Bullish Breakout of inverse head and shoulder patternA 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
