India, Feb. 26 -- An ascending triangle is a bullish continuation pattern characterised by higher lows and a flat resistance line, indicating rising buying pressure toward the resistance level.

The chart indicates a confirmed bullish breakout above horizontal resistance. Backed by strong volume, it reflects increasing buying pressure and suggests a potential short-term upward move.

On Wednesday, Apollo Hospitals Enterprise Ltd stayed above the ascending triangle's 2-hour chart neckline and maintained levels above the Rs 7,663 level, boosting its bullish momentum.

Indicator Confirmation RSI: The daily RSI rose from 73.9 in the previous trading session to 75.8 on Wednesday. MACD: On the daily time frame, the blue MACD line was above the ...