Ascending triangle signals breakout potential above ₹1,185.

Piramal Enterprise Futures has shown steady upward momentum recently, gaining 1.60% in the latest session to close at ₹1,184.90. The price continues to trade within an ascending channel, nearing a key resistance zone. Price action is consolidating beneath the 78.6% Fibonacci retracement level at ₹1,191, with low volatility as indicated by tight candle spreads and moderate ATR levels.

Trade Recommendation: Buy above ₹1,185 with Target ₹1,250 and Stop-Loss at ₹1,140.

This trade setup is based on the bullish triangle formation and positive momentum indicators. Entry is placed just above resistance to catch a breakout, while the target aligns with the 100% Fibonacci extension at ₹1,276 but is capped at ₹1,250 for a conservative approach.