India, June 23 -- A symmetrical triangle forms when price consolidates within converging highs and lows. A breakout above the upper trendline, preferably on increased volume, indicates a potential bullish move. The chart shows that the symmetrical triangle has broken above the neckline, with price now trading higher.

On 16th June 2026, Mahanagar Gas Ltd moved above the symmetrical triangle's neckline and has sustained it to date. On 22nd June, the stock further surged 3%, continuing the bullish bias, and ended at the Rs 1,245 level. A decisive move above the Rs 1,160 level could drive further gains, while a drop below this level may signal a weakening outlook.

For a symmetrical triangle, targets are set either at immediate resistance l...