GR Infraprojects: Forming descending triangle pattern on WTF

GR Infraprojects is forming descending triangle pattern on weekly time frame. Stock has corrected almost 50% from all time high. Although company is performing well and giving highest ever EPS in TTM. Keep on radar for breakout and closing above 1250. Free float is only 2.25%. IPO was subscribed by 168 & 238 times by Qualified Institutions and Non institutional buyers respectively. Keep on radar. Sector is performing very well and this stock is yet to participate. Ongoing budget expectations can also bring momentum.