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Consolidation Explained with a Stock Chart

We all have heard that stock is in consolidation mode but fail to understand its implication. We present here the chart of NDTV which will show that stock has been in consolidation mode for long as it is moving in between a channel as marked on the stock chart.
NDTV stock is struck in a channel since May 13 with lower edge of channel at 83 levels and higher end of channel at approx 94.5 levels. So, we can see stock zooming once it breaks past 94.5 level with volumes. The slant of channel is ascending which means that chances of stock moving on the higher side has higher probability.

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