Ascending triangle formation on ABCAPITAL

ABCAPITAL formed an ascending triangle pattern on daily chart. Price broke out of the candle early. However, there was some period of consolidation and could notice price acceptance at new levels. Resistance level were tested multiple times and price broke with strong volume. Moreover the breakout candle gaped up indicating strong buying pressure. While consolidating after breakout, price tested twice on the new support (previous resistance level) forming wicks indicating there is strong buying pressure at that level. Rest are self explanatory.

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