TVS Motors: Return in the channel to watch out for

The script currently trades at 75.5  

As we can see in the chart, it is in the same channel for about 4 months now.

The immediate next way for the stock to go will be either 

1. The same channel where the next target will be 83- 83.5 in about 7 trading sessions.

2. Breakout below as shown.

Now this is to be watched out for in 2 days. Another thing to watch for is the low volumes (indicated in the chart) through which it has decended which happens many times in the channel before the continuation of the upside in the same channel.

Buy only if it sustains above 77.

Stoploss 73.5

Target 83 as indicated.