JSWSTEEL - Fresh Uptrend Breakout

Preceding Trend: Down
Time Frame: Daily Chart


Pattern: Breakout of Downward Channel
Bullish Reversal

Observation:
Total 5 touch points
3 touch points on highs
2 touch points on lows
Partial Decline making Higher Low confirms beginning of fresh uptrend
Breakout on decent volumes

25% potential upside from breakout

Pattern fails, if price closes below the higher low of partial decline