Good chance for Tata Steel to bounce from here

Updated
I see two chances one is to go high from this current trend line. Other chance is take a double bottom 84-85 region and bounce back. Below that there are high chances to correct further.
Note
Still following my route 1. Lets see how to goes. Once the down channel is broken it is going to be a rocket :)
Trade closed: target reached
nice to see my idea somehow worked on it.
Chart Patternstatasteeltatasteel_longTrend Analysis

Disclaimer