The present price action went above the demand line of the channel and face a climactic stopping action n came back into the trading range to retest supply.. this looks like last point of support in formation post Phase C sos.. Also the huge surge in volume at 52week support speaks the same impression whats interesting is, the macd is bearish and ichimoku system is at a decision point, and rsi is at long term support.. Lets see how it evolves into a LPS, the upside is modest..
Disclaimer.. not an investing/trading recommendation NSE:NCCBSE:NCC
@smn3949, yes, its missing from the schematics... Spring is not a mandatory event in phase c.. its the most common yes, but not a absolute requirement in a schematics...
There is a spring like action that happened in october and then a dramatic hcange in character to generate that upmove.. but that didnt go below the support of the trading range at all, so not a spring..
the final test