Is the base formed?

Chart -> Atul Auto Weekly

After a downtrend and making lower lows and lower highs, the last low was a higher low. Now, the previous high also broke with a volume spark. Is the base formed?

CMP: 280
Good range: 250 to 280
Target: 373
SL: 239 weekly close

Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.