Power Grid Ready for a big move

A few days back I had posted a chart saying that since the channel in which Power Grid was moving has been broken, one should avoid/exit/short sell this. However, the stock has rebounded very very sharply and with the recent rally in energy, looks to gain further if the current level of 218 is broken. Hence, one can go long if the resistance is broken. The resistance will then become your stop loss/support.