Study of the daily and hourly charts of Rane Enegines brings in a sharp similarity. Both are showing consolidations with a triangle formation extending beyound 75% of the base, indicating its ripe for a breakout. The blue resistance line also is a resistance on the daily charts
. (Not sure how to show both timeframes in the same post)
The stock should either breakout to make new highs and resume its northward jorney or get into a more serious consolidation/correction in a couple of sessions.
Certainly worth watching out!