India, Oct. 29 -- A rectangle channel is a technical chart pattern formed by drawing two parallel horizontal trendlines connecting clear equal highs and equal lows. It indicates a period of price consolidation, with the stock steadily oscillating back and forth between upper resistance and lower support lines. While typically viewed as a neutral consolidation phase, a confirmed breakout above the upper resistance line signals a win for buyers and an acceleration into strong bullish momentum. This key technical setup helps traders effectively identify range-bound consolidation and probability breakout opportunities in the stock.

Fsn E-Commerce Ventures Ltd(NYKAA) Chart: 4 hour Timeframe NYKAA_1675521_2026-10-29_13-24-47

The chart shows ...