Titan LONG

The Titan stock has been showing a channel move in a down-trend. It is currently poised around it 100 day EMA and close to break out (BO) from channel trend. If the stock gives a BO then 100 day EMA will act as a strong support followed by 1398 level which would be an ideal stop loss as it has been tested multiple times before. A cross-over is seen to be given by Stoch RSI (buy indicator) and is close to macd crossover.

TGT: 1565 SL: 1398
Risk:Reward = 1:2

PS: I am rookie/beginner so please do comment your suggestion and thoughts. It would certainly help in my learning.