Base On Base Breakout The stock established a consolidation zone in the ₹165–₹175 range. This period of sideways movement formed a solid support level with reduced volatility and relatively lower volumes, building the foundation for an upward move.
After the initial breakout above ₹175, the stock consolidated again at a slightly higher range, creating a secondary base near the ₹175–₹190 levels. This is a hallmark of the Base-on-Base pattern, where the stock makes a smaller consolidation zone after an initial rally.
The current price action shows a strong move above both bases, closing at ₹210.33 with a massive gain of +26.30% and accompanied by significantly higher volumes. This suggests that the upward momentum has resumed after the second base.
