India, May 12 -- An ascending triangle is a bullish continuation pattern marked by higher lows and a flat resistance line. The chart shows a confirmed bullish breakout above the resistance neckline. Supported by volume surge and points to a potential short-term upward move.

On Monday, Torrent Pharmaceutical Ltd broke the resistance neckline and sustained above the Rs 4,483 level, which is now acting as a support zone in the 2-hour chart, reinforcing its bullish momentum.

In an ascending triangle, traders typically target the nearest resistance level or project a price move equal to the triangle's height from the breakout point, using strong volume and momentum to confirm the trade.

Torrent Pharmaceutical Ltd Chart: 2-hour Timeframe

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