SPORTKING: Four bases, four breakouts, still goingSportking India Ltd.NSE:SPORTKINGVishwajeeth_JKThis one has been a textbook case since February. Stock was in a long Stage 4 decline from September through January. Falling averages, a clean downtrend line capping every bounce, price grinding to lower lows. Nothing to do for months. The bottom came in late January. Price turned up hard, broke the downtrend line and cleared the long term average in a single move in February. That was the Stage 4 to Stage 2 handover, and it happened fast. Since then it has done the same thing four times. First base in February and March, sitting right on top of the long term average it had just reclaimed. Broke out in April. Second base in April and May, tight, holding the rising short term average. Broke out in late May. Third base through June and July, wider and longer, price chopping sideways while the average caught up from below. Broke out at the end of July on a big volume bar. Fourth base through August, again holding the same rising average, tightening up into the right edge. Four consolidations, four resolutions higher, and price never once broke the short term average through the whole advance. Stock has more than doubled and it has never gone vertical. That is what makes it tradeable. This is the whole approach. Wait for Stage 2 to confirm, then buy each base as it resolves. You are not predicting anything, you are following a structure that is already working. Watching the fourth base now. Valid as long as the base low holds. A close back inside the August range and the structure is damaged. Not a recommendation, just sharing what I am watching.