India, Oct. 27 -- An ascending triangle is a bullish continuation pattern used in technical analysis to signal that a price is likely to break upward. It forms when a stock's price creates a horizontal resistance line at the top, connecting equal highs and an upward-sloping support trendline at the bottom, connecting higher lows. The pattern shows that buyers are steadily becoming more aggressive and pushing prices up faster after every dip. As the price gets squeezed tighter towards the trendline, buying pressure eventually overcomes the selling wall. A confirmed breakout above the flat top line confirms the pattern, signalling a strong buy opportunity.

Dr Reddy's Laboratories Ltd Chart: Daily Timeframe DRREDDY_225537_2026-10-27_11-18-...