A technical analyst at a portfolio management firm is tracking the stock price movements of five different companies. The analyst has described the…

A technical analyst at a portfolio management firm is tracking the stock price movements of five different companies. The analyst has described the observed chart patterns as follows: Scenario 1: The stock of "Dynamic IT Ltd." shows a series of uniformly rising peaks and troughs, indicating a consistent upward price movement.Scenario 2: "Momentum Motors Ltd." experienced a strong upward price trend. This was followed by a brief period of consolidation, after which the original upward trend resumed with significant volume.Scenario 3: "Pioneer Pharma Ltd." shows three peaks, with the middle one highest. The price then broke below the line connecting the troughs, signaling a major downturn.Scenario 4: "Global Steel Inc." shows a period of contracting range, with lower highs and higher lows. The direction of the eventual price break is currently unclear.Scenario 5: "Sunrise FMCG Ltd." exhibits a pattern where the price highs are consistently falling while the price lows are consistently rising, causing the trading range to narrow over time. Required: From the five scenarios described above, identify and name the specific technical price pattern being formed for any four.