An inverse and shoulder pattern is a sign of  trend reversal . But buyers   be cautious as  the prices are still below the long term 200 day EMA AND SMA. But it may be taken as a price target.

Open Interest also increasing with the trend.

Trend following indicator like RSI also showing zone shift in the positive direction and DMI and ADX LINES are also indicating that the trend strength is gaining momentum.

Here is the snapshot: