India, Sept. 25 -- A descending triangle pattern is marked by lower highs and a flat support line, and a breakout above the resistance trendline may indicate strengthening buying momentum and a potential upward move.

The chart shows a confirmed bullish breakout above the resistance neckline. Supported by a volume surge and points to a potential short-term upward move.

HBL Engineering Ltd broke above the key resistance level of Rs 745 on 17th September and managed to stay above it, turning the level into a strong support zone. The stock closed at Rs 775 on 24th September on the weekly chart, indicating continued bullish momentum.

In a descending triangle pattern, traders typically look for a breakout above the resistance trendline and ...