India, April 8 -- 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, it indicates rising buying pressure and points to a potential short-term upward move.

On Tuesday, HCL Technologies Ltd. sustained levels above Rs 1,414 and held above the ascending triangle neckline on the 1-hour chart, reinforcing its bullish momentum.

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 rose from...