JK Tyre - Stock breaking out of a rounding bottom pattern

JK Tyre has given a breakout after forming a base for over ~5 / 6 months. The stock is testing levels after about 3 years. If today's low holds above the breakout level, fresh entry can be considered above the high of the today's candle (Confirmation Candle).

Trade active:

Stock appearing to be consolidating around the breakout area. So far, it has not given a close below the breakout zone and so it's too early to conclude the breakout has failed.. It might need some patience before we can know how the trade matures. If someone is not ready to wait, may exit now and look for an appropriate time to re-enter.

Trade closed manually:

Looks like the breakout failed. The volume at the time of breakout was not very strong as well. Closing this trade.