India, July 20 -- An ascending triangle is a bullish reversal pattern marked by higher lows and a flat resistance line. The chart shows a confirmed bullish breakout above the resistance neckline. Supported by volume surge and points to a potential short-term upward move.

On 16th July, Jindal Stainless Ltd. broke the resistance neckline and sustained above the Rs 732 level. On 17th July, the stock continued its upward momentum and ended at Rs 737.50 in the daily 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...