Ascending Triangle Pattern

A flat ceiling with a rising floor — buyers paying up into the same resistance until it gives way.

Bullish Continuation pattern 12 stocks showing it now Scanned 2026-10-16

📊 Stocks forming an ascending triangle right now

Timeframe All Daily Weekly · State All Forming Broken out ↑ Broken down ↓

Showing 12 of 12. Trigger is the price a daily close must clear for the pattern to complete; Target is the measured move it projects, marked ≈ while the break has not happened yet.

Stock	TF	State	CMP	Trigger	Away	Target	Touches
HCLTECHHCL Technologies Limited	Weekly	Bullish	₹1,380.00	₹1,384.80	0.3%	≈₹1,731.27 (+25%)	4
NYKAAFSN E-Commerce Ventures Limited	Weekly	Bullish	₹345.00	₹349.55	1.3%	≈₹441.30 (+28%)	4
PETRONETPetronet LNG Limited	Daily	Bullish	₹293.00	₹299.33	2.2%	≈₹327.39 (+12%)	4
HDFCBANKHDFC Bank Limited	Daily	Bullish	₹728.85	₹745.69	2.3%	≈₹827.86 (+14%)	7
VBLVarun Beverages Limited	Daily	Bullish	₹430.50	₹444.23	3.2%	≈₹507.74 (+18%)	6
SAGILITYSAGILITY LIMITED	Weekly	Bullish	₹45.30	₹47.81	5.5%	≈₹57.13 (+26%)	7
SHREMINVITShrem InvIT	Daily	Bullish	₹102.00	₹108.07	5.9%	≈₹120.10 (+18%)	7
JSWHLJSW Holdings Limited	Weekly	Bullish	₹11,316.00	₹12,229.25	8.1%	≈₹14,380.77 (+27%)	6
KPILKalpataru Projects International Limited	Weekly	Bullish	₹1,364.30	₹1,490.69	9.3%	≈₹1,756.03 (+29%)	4
NAVINFLUORNavin Fluorine International Limited	Weekly	Bullish	₹8,167.00	₹8,949.50	9.6%	≈₹11,211.12 (+37%)	5
ZYDUSLIFEZydus Lifesciences Limited	Weekly	Bullish	₹1,123.00	₹1,232.10	9.7%	≈₹1,553.09 (+38%)	7
RBLBANKRBL Bank Limited	Weekly	Bullish	₹378.25	₹429.60	13.6%	≈₹511.35 (+35%)	5

📖 What an ascending triangle is

Price keeps stalling at almost exactly the same high, but each pullback ends higher than the last. Drawing a horizontal line across the highs and a rising line under the lows gives a wedge that narrows to the right.

Why it forms

One block of supply sits at a fixed price. Buyers absorb it in waves and, because each wave starts from a higher low, they are willing to pay more each time. When the supply is finally used up, there is nothing above it.

🎯 Trigger

A daily close above the flat resistance line, ideally on volume well above its recent average.

📏 Target

Measure the height of the triangle at its widest point and project that distance up from the breakout level.

🛑 Invalidation

A close back below the rising support line. Once the floor breaks, the pattern is void — the rising lows were the whole argument.

🖼 Example on a live chart

HCLTECH — Weekly

Forming

HCLTECH ascending triangle pattern on weekly candles, with the pattern boundaries and breakout level drawn

The shaded band is the formation. On tops and bottoms the indigo line traces the shape itself — up into the left shoulder, over the head, and away from the right — and the dashed line is the neckline it has to break; on triangles, wedges and channels the two solid boundaries are the pattern. Triangle markers are the swing highs and lows those lines were fitted through, and the dash-dot line is the measured-move target once the pattern has broken.

❓ Ascending Triangle FAQ

Is an ascending triangle bullish or bearish?

Bullish in most cases. It shows demand rising into fixed supply, and it resolves upward more often than downward. It is not a guarantee: an ascending triangle that breaks downward tends to fall quickly, because the rising lows leave no support underneath.

How long should an ascending triangle take to break out?

Most resolve within the last third of the pattern, before the lines actually meet. A triangle that drifts all the way to the apex without breaking has usually lost the momentum that made it worth watching.

What confirms an ascending triangle breakout?

A close beyond the flat resistance rather than an intraday poke, expanding volume on the breakout bar, and price holding above the old resistance if it comes back to retest it.

↔ Related formations

Descending Triangle (23) Symmetrical Triangle (7) Rising Wedge (13) Falling Wedge (136) All patterns →

📚 Today's chart books (PDF)

About the chart books →

Daily Chart Pattern Book 100 annotated charts across 17 pattern types, 15 breakouts and breakdowns 16 Oct 2026 close · 54 pages · 9.2 MB Open PDF F&O Chart Pattern Book 100 F&O stocks · 15 pattern types · 21 breaks (1 up, 20 down) 16 Oct 2026 close · 54 pages · 9.3 MB Open PDF Chart Pattern Research Book 100 stocks, one per page, each with its last 3 high-impact NSE announcements 16 Oct 2026 close · 104 pages · 9.6 MB Open PDF Trendline Touches 25 falling trendlines from the top (resistance) · 25 rising trendlines from the bottom (support) 16 Oct 2026 close · 55 pages · 4.6 MB Open PDF Channel Tests 25 testing the lower channel line (support) · 25 testing the upper line (resistance) 16 Oct 2026 close · 55 pages · 5.1 MB Open PDF Change of Polarity 19 stocks where old resistance is being retested as support 16 Oct 2026 close · 24 pages · 2.0 MB Open PDF

Educational only. Prepared with AI assistance and reviewed by our editors; still check prices and levels yourself. Not investment advice.

How these are found: swing highs and lows are picked out with a percentage ZigZag on daily and weekly candles, and the boundaries are line-fitted through those swings. A formation is only published when the fit is tight, the boundaries are actually touched several times, and the price action stays inside them. The most recent swing is provisional, so a forming pattern can still change shape on the next candle, and patterns whose break already played out are dropped rather than shown as fresh. Levels and targets are the textbook measured moves, not forecasts. This is auto-generated market data, not investment advice.