A breakout of Descending Triangle is witnessed on the upside in the security indicating a bullish trend.

The price is trading above Fast50 Ema and Slow200 EMA indicating an uptrend with Fast Ema trending in the north direction which also indicates an upward direction.

On the momentum front RSI is directed in the upward direction supporting the price action.

On the directional front DI+ is trading above DI- indicating positive strength with ADX trading above DI- indicating strength in the move.

Descending Triangle breakout on the Upside

Dec 24 2023