Ascending triangle which is a bullish chart pattern is formed in Axis Bank which usually forms during the uptrend with continuation pattern.
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Hi,
This is not an appropriate triangle pattern. Read the below description “I hope this will help you”
• The stock has a breakout-gap with high volume in the daily chart on Jan30, 2019.
• The stock moved past the major resistance and currently hovering at an all-time high.
• The immediate Support is around 650 level.
• The stock is well placed above 21 day moving average.
• Additionally, the stock has been in a strong uptrend after the outcome of Q3 result.