Inverse Head & Shoulder Pattern in Venkeys india

A Bullish Inverse Head & Shoulder pattern is Formed in Venkey's India Ltd. on hourly chart as drawn in chart. Same time MACD is also above Zero line , Breakout is happened with Volume spike above price levels of 2680 i.e. Neck line. Target price 3172. As per moving Averages too it's sustaining above all moving averages. Indicating upward rally in it's prices. Keeping Stop Loss Below 2520 will be wise.

Company announced it's decision of setting up a new project for manufacture of Veterinary Medicine Products under its Animal Health Product Segment.
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Chart PatternsHead and ShouldersOscillators

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