India, May 18 -- 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 the resistance neckline. Supported by volume surge and points to a potential short-term upward move.

Kotak Mahindra Bank broke above the key resistance level of Rs 386 on Friday and managed to stay above it, turning the level into a strong support zone. The stock closed at Rs 387.05 on the daily chart, indicating continued 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.

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