Breakout from channel

Keep it simple...Tata Power breakout happened some time ago from a channel pattern..This trade is meant for a longer period or you can do a positional trade. According to Investopedia Channels are powerful, yet OFTEN OVERLOOKED patterns, which have not been given their due importance. But you can earn reasonable profit if you draw the right pattern and trade. ( this is only for educational purpose)
CMP - 108.6
Targets - 135,145.
Calculate your own risk/reward. Do your own research. This is an idea, not advice.

Note

Importantly it has been trading with huge volumes in last few months as shown by the blue arrow.

Panchalk

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