India, April 29 -- An ascending triangle is a bullish continuation pattern marked by higher lows and a flat resistance line. The chart shows a confirmed bullish breakout above horizontal resistance. Supported by volume surge. On Tuesday, Adani Enterprises Ltd broke the resistance neckline and sustained above the Rs 2,336 level, which is now acting as a support zone in the 30-min. chart.

In an ascending triangle, traders typically target the nearest resistance level or project a price move equal to the triangle's height from the breakout point, using strong volume and momentum to confirm the trade.

Indicator Confirmation RSI: The daily RSI indicates bullish momentum, as it rose from 71.90 in the previous trading session to 76.44 on Tuesd...