Volume is still giving indications of trading within a...

Volume is still giving indications of trading within a consolidation range, at least for now.
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We need to get over 50m shares traded to confirm that buyers are in control. For a big rise, possibly closer towards 100m - when I mean big rise, it could take us towards 5. But at this stage, without confirmation, opposite can also happen, so best to follow price action.
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Today's trading was positive. What may happen tomorrow is different, but today was good. If we can hold here, I will not be surprised to see a move, first towards 4.6, then 5, and then towards our recent high of 5.8. But buyers have to step up.

I had mentioned that without news/big buyer, the technicals will be in play. I feel still the technicals are in play. Technicals drove us down. They are helping us hold here for now. Watching carefully now, but more positive that I was 2 days back, when we were trying to play mids 4s. Why? First I expected this drop and if something plays as you think, one gets a bit more assured. Second, I like this hold of 3.8. I always thought we may go lower and then make a big push upwards. So its playing out accordingly, that doesn't mean I am right, it could just go down lower. But odds of going higher is now better than going down. As always, please dyor. All the best.