India, June 1 -- A symmetrical triangle is a neutral chart pattern formed by converging trendlines connecting higher lows and lower highs. A breakout above the resistance line signals strengthening buying momentum and the potential continuation of a bullish trend.

The chart shows a confirmed bullish breakout above the resistance neckline. Supported by volume surge and points to a potential short-term upward move. IFCI Ltd moved above the key resistance level of Rs 64 on 27th May, turning it into a strong support zone. The stock closed at Rs 68.53 on the 1-week chart on Friday and has continued to sustain above the Rs 64 level till date, indicating sustained bullish momentum and continued buying interest.

In a symmetrical triangle patter...