Tata Global: Nice Consolidation, Awating Breakout

Tata Global is in a nice little consolidation. Have a look at the charts of Shakti Pump Balkrishna Industries which have similar (not the same) kind of pattern. The theme here is narrow ranged bars with a dry-up in trading volume, suggesting volatility contraction aka VCP pattern (a term coined by Mark Minervini).

Bombay Dyeing & Visaka Industries are a couple of other similar stocks in my watchlist.