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The stock price of this company has been rising gradually since February. Recently, it was seen consolidating in a range. Now it has surpassed the upper-trendline resistance of a flag-like formation, which opens up further upside potential for the price to scale. The rise in volume during the breakout is supportive of the bullish view. ....
The stock price of this company has been consolidating for the past five months. Now it is testing the resistance offered by a down-sloping trendline. The volume pattern suggests accumulation over the consolidation period and the recent rise can act as a confirmation for the start of the fresh up-move. A long trade can be initiated above the trendline. ....
The stock price of this company has been sliding lower since forming a peak in October at Rs 360. Recently it has formed a short-term bottom and has now given a down-sloping-trendline breakout. The breakout candle is a bullish Marubozu. The volume for the breakout candle is considerably higher than the past few days’ averages. ....