After the IPO of SBI CARDS, there was a downfall, then for few sessions, it started surging. after the first breakout which was supported by the crossovers of EMAs in (phase 1), 21 EMA acted as a support, at every minor uptrend there were crossovers that were conforming to the price actions. and then the consolidation phase started (the price started moving in a range) there was a false breakout but the price was not able to sustain there, for much longer.
before the breakout (04/01/2021) there was a Hammer formation, EMA crossovers and volume started increasing gradually, then it was a start of an uptrend and 21 EMA was again acting as major dynamic support.
before the breakout (04/01/2021) there was a Hammer formation, EMA crossovers and volume started increasing gradually, then it was a start of an uptrend and 21 EMA was again acting as major dynamic support.