India, Feb. 16 -- An ascending triangle is a bullish continuation pattern characterized by a series of higher lows and a horizontal resistance level. This forms a triangular shape, signaling rising buying pressure as buyers steadily push prices upward toward the resistance.

The chart shows that the ascending triangle pattern has successfully triggered a bullish breakout, with the price moving above the horizontal resistance. When accompanied by strong volume, this breakout indicates increasing buying pressure and points to a potential upward move in the near term.

On Friday, Hindustan Aeronautics Ltd broke above the neckline of the ascending triangle on the 30-minute chart and sustained trading above the Rs 4,185 level, reinforcing its ...