India, Jan. 5 -- Oberoi Realty exhibits a robust uptrend, followed by sideways consolidation within a well-defined rectangle channel spanning the Rs 1,600-1,700 range on the 2-hour chart.

Delta Exchange banner During consolidation, average buying volume outpaced selling volume, signalling accumulation, while the breakout above the upper boundary occurred on strong buying volume. The blue box highlights the parallel support and resistance levels, with price now decisively above the upper resistance.

The rectangle channel breakout signals a strong bullish continuation after consolidation on the 2-hour chart. Horizontal parallel lines define the pattern, where price tested support and resistance multiple times, building energy for the upsi...