India, Nov. 12 -- An ascending triangle is a bullish consolidation formation that points to a potential upside breakout. It develops as the price moves between a flat, horizontal resistance barrier above and a series of higher lows along a rising support trendline below. This pattern highlights strengthening buyer conviction, as market participants step in to buy dips at progressively higher levels while steadily absorbing supply at the overhead resistance. As price action coils tighter toward the apex of the pattern, the accumulated buying momentum typically sparks a decisive breakout above the upper barrier, confirming trend continuation and signalling a long entry opportunity.

Meesho Ltd Chart: 4-hour Timeframe The chart clearly show...