Scrip has shown positive signs of a breakout before going to the consolidation zone. Results upcoming shortly could trend the stock in an upward direction of 7-8% to observe and learn. Be wary of downside too, if the channel is broken or 4800 on closing basis would not be a good sign. Please perform your own analysis.
Pl note: Not a recommendation. Consult your financial advisor or be responsible for your actions.
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Channel can be observed carefully using the 240/60 min time frame.
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Ready for a breakout anytime soon until the channel is held uptight. Analyze the same in 1hr tf.