Tata Power Long Term Falling Channel Breakout

Tata Power has been in the downtrend since 2011 forming lower low lower high in this downtrend it formed a falling channel. Recently we saw the breakout of the falling channel with good volumes. Through this breakout we may expect to trend reversal. Tata Power has also formed an Inverse head and shoulder pattern, which is a reversal of downtrend. After this breakout i would be looking for a decent move up on the target of 140 with the SL of 73.