India, May 28 -- A flat resistance line and higher lows characterise an ascending triangle, a bullish continuation pattern. The chart shows a bullish breakout above the key resistance zone near Rs 497, supported by strong buying momentum and rising volumes.

On Wednesday, Usha Martin Limited broke above the key resistance level of Rs 497 and held there, transforming it into a strong support zone. On the weekly chart, the stock closed at Rs 510.45, indicating that bullish momentum has continued and buying interest has strengthened.

In an ascending triangle pattern, traders typically target the next resistance level or project a price move equal to the triangle's height from the breakout point, while strong buying volume and positive momen...