India, May 20 -- A descending triangle pattern is marked by lower highs and a flat support line, and a breakout above the resistance trendline may indicate strengthening buying momentum and a potential upward move. The chart shows a confirmed bullish breakout above the resistance neckline. Supported by volume surge and points to a potential short-term upward move.

Mphasis Limited broke above the key resistance level of Rs 2,166 on Tuesday and managed to stay above it, turning the level into a strong support zone. The stock closed at Rs 2,218.2 on the 4-hour chart, indicating continued bullish momentum.

In a descending triangle pattern, traders typically look for a breakout above the resistance trendline and project a price target based ...