It might look like an ascending triangle but ascending triangle are continuation pattern which normally forms in prior established bull trend. BPCL doesn't have prior established bull trend for this large ascending triangle.
Nonetheless, this is a kind of bullish pattern as lower lows are being formed on the lower end of PF, substantiating the slope. EMAs have been supportive which means every mean reversion is being bought by smart investors. Resistance have formed horizontally and price is just making lower lows near the horizontal resistance which means buyers are now buying into minor corrections for bigger move. Horizontal resistance is just soling up the supply for tired buyers. 480-510 is the resistance zone which once crossed on closing basis, supported by volume, could propel stock for the upper boundary of PF. Target can't be fixed as it'll keep changing as the time lapses. Better to make vertical count to the upper boundary after breakout from the long consolidation.
Nonetheless, this is a kind of bullish pattern as lower lows are being formed on the lower end of PF, substantiating the slope. EMAs have been supportive which means every mean reversion is being bought by smart investors. Resistance have formed horizontally and price is just making lower lows near the horizontal resistance which means buyers are now buying into minor corrections for bigger move. Horizontal resistance is just soling up the supply for tired buyers. 480-510 is the resistance zone which once crossed on closing basis, supported by volume, could propel stock for the upper boundary of PF. Target can't be fixed as it'll keep changing as the time lapses. Better to make vertical count to the upper boundary after breakout from the long consolidation.