GUJGASLTD made a false breakdown in a parallel channel?

GUJGASLTD has formed a slightly good parallel channel on a daily time frame and it has broken the channel on the downside and looks like it is doing a retracement. But the RSI indicates little different as it is near 30~ this indication looks like a false breakout and based on Trend based Fib retracement we can expect it to touch the previous high if it moves back into the channel pattern (Expected target on the upside can take upto 3 months). But it can move against the channel pattern (which may incur loss) as there is a strong resistance in the trend line for few weeks. This is only for high risk takers with patience.
Disclaimer: Kindly consult with your Financial Advisor before taking any trade.