Apar Industries - Potential breakout candidate

Fundamentally posted its best quarter in many years and is barely trading at 11PE (this includes a very bad H1 which can only improve). The promoter has recently been buying stock from the open market. Stock seems to be with strong DII's like HDFC Trustees (owns 9.25% of the company) and NIppon MF (4.5% just added in Q3).

Technically the volumes are sky high and the stock could break out off a C&H pattern.
Buy above 425 or ideally above 430 with a SL of 410.
First target 470 (which is the 200WEMA)
If it takes that out then we could see much higher levels (510/560 maybe).