Currency Grow (CA & SEBI Reg IA Omkar Bhutada) · 18th Oct
Textbook bullish continuation pattern
DATAPATTNS
🧭 Chart Summary
Timeframe: Monthly
Pattern: Bullish Rectangle / Flag Base
Current Price: ~₹2,806
Zone: Consolidating within ₹2,500–₹3,200
🧩 Structure Explanation
Prior Move (Flagpole):
The stock rallied sharply from ~₹1,400 (March 2025) to ~₹3,200 (May 2025).
That’s a >120% rally — strong impulsive leg showing clear institutional participation.
Current Phase (Flag / Rectangle):
Post rally, price entered a sideways range between ₹2,500–₹3,200, visible as the shaded blue zone.
Volume and volatility have contracted — a healthy consolidation pattern.
Candlestick Behavior:
The last 4–5 months show tight monthly ranges.
Wick rejections near ₹2,500 indicate demand absorption.
Every dip is getting bought — suggests strong base building.