India, July 13 -- A flat resistance line and higher lows characterize an ascending triangle in a downtrend, indicating a bullish reversal pattern. Backed by strong buying momentum and rising volumes, the chart reveals a clear bullish breakout above the key resistance zone near Rs 1,820.

Clearing a key resistance level of Rs 1,820, Sbi Life Insurance Company Ltd has successfully sustained its position to transform that old barrier into a strong support zone. The stock wrapped up in the 4-hour chart at Rs 1,856.2, 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 ...