Bharat Electronics - Is it a valid channel?

dev_trader Updated   
On daily chart , there is a channel drawn. I am not sure if we can consider it as valid channel setup. Kindly pour in your comments.
Trading strategy:
1. Buy above 1375 for Target 1 - 1400 and Target 2 - 1450. SL will be 1350 (On closing basis)
2. Sell below 1350 for Target 1 - 1300 with SL 1375 (On closing basis)
Trade active: Trade active on long side.
Trade active
Trade active: Today high @ 1393.
Trade active
Trade closed: target reached: First target reached.
Trade active: looking for target 2 @ 1450
Trade closed: target reached: Second target reached. Today high made @ 1451

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