Power Grid (A Powerful Move Incoming ?)

Power Grid looks set for a good momentum move after being in a range bound channel for a while. My rationale behind the possible strong momentum is given below:
The Parallel Channel and the Blue lines shown are important levels in the monthly / Weekly time frame which shows a strong area of Resistance / Support. The Channel is an area of Indecision where the price has bounced off and back consistently. The Green line is a daily trend line which is being respected and is acting as a support. The Yellow line is the Daily / Hourly resistance line which the stock has found difficult to breach in the short run. I have further incorporated some indicators such as CPR, MACD and EMA.
In MACD we can see a positive divergence and a certain yellow trend line which is being respected and it shows a certain area of support and a bullish sentiment. The CPR is in a very narrow range following a wide CPR which shows an area of indecision and a movement on any side will be a strong one. The moving averages are also acting as a support.
So the sentiment from this rationale is surely bullish, however erratic volumes in the last few days have also shown exhaustion moves and the stock has retraced back.