Is it called consolidation phase??

Updated
Looks like Fed Mogul is in the range bound channel setup from 4 months and the trades tightly coupled. Is it getting ready for big move? Kindly advice
Note
It broke out of the red colour region with high volumes.
Trade active
Broke out of the region specified above :). It can easily reach 590 now
Trade closed manually
Wow an excellent runup. Touched high of 578. :)
federalmogulfedmogulhelp

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