India, Nov. 2 -- An ascending triangle is a bullish chart pattern in technical analysis that signals an upward breakout. It forms when price action gets squeezed between a flat horizontal resistance level at the top, connected by equal highs, and an ascending support trendline at the bottom, which is connected by higher lows. This structure indicates that buyers are steadily gaining strength, buying dips at progressively higher prices, and absorbing selling supply at resistance. As volatility contracts toward the apex of the triangle, buying momentum typically forces a breakout above the upper barrier, confirming the pattern and offering a strong bullish entry signal.

Coforge Ltd Chart: Daily Timeframe COFORGE_2955009_2026-11-02_10-26-3...