India, July 21 -- 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 Monday, Lloyds Metals & Energy Ltd. broke the resistance neckline and sustained above the Rs 1,888 level, which is now acting as a support zone 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 RSI: The daily RSI indicates buyin...