NSE:WINDMACHIN gave a breakout after a bullish trend, forming a flag pole pattern. The volume expansion looks very bullish and the candlesticks before the breakout are very narrow in range.
The stock is currently consolidating, for the next leg up. It may however retest the trendline because of weak Indian markets but the momentum looks too good. If the stock moves above 45-47 levels, a fresh rally could begin.
Viewpoint is purely technical, fundamentals of the stock are not accounted for.
UPDATE: Price consolidated after breakout, making flag pattern. Gave a breakout today. One more CONSECUTIVE momentum candle and price is ready to fly.👍