India, July 3 -- A flat resistance line and higher lows characterise an ascending triangle, a bullish continuation pattern. Backed by strong buying momentum and rising volumes, the chart reveals a clear bullish breakout above the key resistance zone near Rs 13,950.

Clearing a key resistance level of Rs 13,950 on June 30th, Maruti Suzuki India Ltd has successfully sustained its position to transform that old barrier into a strong support zone. By July 2nd, the stock wrapped up the weekly chart at Rs 14,348, confirming that bullish momentum is alive and buying interest is only growing stronger.

In an ascending triangle pattern, traders generally look toward the next resistance level or project an upward move equal to the triangle's height...