Vaibhav Global - Breaking out of multi-year consolidation!

Stock is on the verge of a 2 year long consolidation break out.
Volume build up in the past few weeks is encouraging and suggests that buying interest is back in the stock
The price has formed a nice base near the 20 WEMA since Aug, 2023. It broke out of this base this week.
The zone from 500 to 530 has acted as a multiple support and resistance zone in the past. A weekly close above this zone will be very positive.
Indicators such as the Mansfeld Relative Strength and Minervini Trend Template are positive and suggest that the stock is in Stage 2 up trend. The runway to the previous ATH is long and provides possibility of decent returns in the coming quarters.

Disclaimer: This is not investment advice. The chart is posted for educational purpose. The reader should consult a certified financial advisor if he/she plans to buy or sell based on this post.