India, Nov. 4 -- An ascending triangle is a bullish chart pattern that indicates a potential upward breakout. It occurs when price action is consolidated between a flat horizontal resistance line formed by equal price highs and an upward-sloping support line formed by a series of higher lows.

This structure shows that buyers are growing stronger, consistently stepping in at higher price levels and absorbing the selling pressure at resistance. As volatility tightens toward the point of the triangle, rising buying momentum usually triggers a breakout above the upper resistance level, confirming the bullish pattern and signalling an entry point.

Adani Ports and Special Economic Zone Ltd Chart: Daily Timeframe ADANIPORTS_3861249_2026-11-0...