The stock price saw a notable decline after dropping beneath the Rising Wedge pattern.
Subsequently, it entered an extended phase of consolidation, during which it formed an Inverted Head and Shoulders pattern.
After the breakout, the price surged initially but then experienced a short consolidation period before breaking out again.
This movement also shows a breakout from the Rounding Bottom pattern, which is allowing the stock price to go up even higher.
Mphasis
The stock price is currently in a strong consolidation phase.
The chart shows that an Inverted Head & Shoulder pattern is developing, suggesting that this phase might end soon and the price could rise after a major breakout.
To see an upward movement, the price needs to break through the 3,100 level and stay above it.
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