AJANTPHARMA forming a CHANNEL pattern buy at 1638

I will go LONG on AJANTPHARMA because:
The price is forming a Chanel Pattern .
The price is also under Support/Resistance zone.
It has touched the support (lower end of trendline ) and may reach the resistance zone (upper end of trendline ) .
Target would be the Resistance area . Book profit when it reaches the resistance zone .

Entry - 1638/1578
Target - 2006
Stop loss - 1539