IPCALAB — Ascending Channel

Ascending Channel · Weekly candles

Bullish

Formation Ascending Channel

StateForming

Building since2026-07-05

Boundary touches6

Upside trigger₹2,061

Downside trigger₹1,733

Away from trigger2.6%

Target if it triggers ≈₹2,367 +18%

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.

Trigger. Inside the channel, the lower rail is the buy zone. A close below it warns the trend is breaking; a close above the upper rail is an acceleration.

Target. While the channel holds, the opposite rail. If it breaks down, project the channel width from the break.

Invalidation. A sustained close below the lower rail.

See every ascending channel found today →

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.