Potential Breakout from Flag & Pole Pattern

8月29日

✅ The stock has been consolidating under a descending trendline + created Flag & pole pattern after a strong uptrend in late 2023. The price is now attempting to break above this trendline, which could signal the resumption of the uptrend.

✅ The RSI is currently around the 60 mark, indicating building bullish momentum. Although volume is moderate, the price action suggests buyers are gaining control.

✅ A successful breakout above the trendline, confirmed by a close above ₹180, could propel the stock towards higher levels, potentially targeting ₹200. Traders should watch for continued strength and increased volume to confirm the breakout.