Abbott India a breakout under formation

Abbott India Ltd. is an interesting stock with following

1. RSI on daily and monthly time frames above 60
2. Narrowing Bollinger Bands on weekly chart
3. Strong Bullish Anchor Candle engulfing previous almost 20 candles with strong volume
4. Price trading above all major moving averages
5. Stock consolidating in range of 25360 to 30300 since Jan-2024

Lets See How it Evolves.

Disclaimer: NOT A BUY / SELL RECOMMENDATION. I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do hold some position in the stock as on date and I may look to take some more with my own Risk Reward matrix.