Asian paint stock study

I have been studying stocks for the past couple of months (6 months) to be precise, and have been learning different types of chart techniques.

Have been looking at the Asian Paints stock for study purposes and this is something that caught my eye.

If we consider the uptrend that the stock has been doing and, look at the short term downtrend, can this be considered as a breakout?

Please, note that I am not a professional trader, and am looking just for increasing my knowledge before I step into trading.

All comments are welcome.

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