RELIANCE the 'True' Breakout of the channel will be determined upon its re-test. If either of the trendlines on both sides is re-tested once the price comes out of the pattern and not breached there after, it can be considered a breakout to the respective side.
So right now we should wait and see which side the price picks to move.
Chart PatternsRELIANCETrend AnalysisWave Analysis

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