Can accumulate this stock

Hathway Cable has been on a downtrend for a while. While it has Jio holding a substantial portion of it, it hasn't rallied as expected. But my view is that it is coming to a critical zone, it has support of one of the biggest companies in India, its financials are quite decent. Buy a little with every dip, and what i drew on the chart is how I envision the stock may move. I hope I'm right, but hope doesn't work well in markets. Take a position in this stock at your own risk. The risk reward seems enticing and i'm buying at these levels and lower and will keep multiple sell orders till 60......Thats my strategy...All the best