India, Aug. 14 -- 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 a volume surge and points to a potential short-term upward move.

Union Bank of India broke above the key resistance level of Rs 180 on the 6th of August and managed to stay above it to date, turning the level into a strong support zone. The stock closed at Rs 186.5 on the 13th August in daily chart, indicating continued bullish momentum.

In a descending triangle pattern, traders typically look for a breakout above the resistance trendlin...