Pattern Structure: The daily chart displays a Bullish Flag continuation pattern developing after a strong impulsive upward move from the 8.00 area.
Support Confirmation: Key historical resistance levels around 10.00 and 12.00 have been successfully tested and flipped into strong support zones (Resistance became support).
Current Price Action: CNERGY is trading at 13.29 consolidating right near the lower boundary of the flag.
Market Bias
Market Perception: This price action as a healthy consolidation phase rather than a reversal. As long as the price maintains its position above the key structural support around 12.00, the overall outlook favors continuation of the preceding upward trend once the flag Pattern breaks.