Stock Radar: Gujarat Gas takes support above neckline of a 4-month consolidation; should you buy?

The energy stock reached a new one-year high of Rs 663 on July 2nd. However, it lost momentum shortly after and found support around Rs 620, which also coincided with the breakout level of a 4-month consolidation period observed on daily charts. Since February 7th, when the stock reached Rs 620, it has been trading within a range.