PSX · SUGAR & ALLIED INDUSTRIES · 1 Hour
SHJS Descending Triangle breakout
Shahtaj Sugar Mills Limited · 02 Nov 2026 · 12:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 155.55 on the breakout. Target 179.41, invalidation 138.10.
Trade plan
● Active- Close
- 155.55
- ▲ 3.01%
- Target
- 179.41
- +15.3%
- Invalidation
- 138.10
- -11.2%
RiskReward
- Reward : risk
- 1.4 : 1
- ATR
- 5.07
- Price now
- 146.02 -6.1%
Outcome measured on the 1 hour bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 1 Hour candles · click to enlarge
The breakdown
SHJS broke above its descending triangle on the hourly close at 155.55.
Projected target 179.41 (+15.3%). The pattern is invalidated beyond 138.10 (-11.2%), a reward-to-risk of about 1.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 234.94). Nearest demand OB 136.40 - 137.00, supply OB 168.01 - 168.02.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 155.55.
- 2 The target, 179.41 (+15.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 138.10 (-11.2%), cancels the setup.
- 4 Reward : risk is 1.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the descending triangle
A descending triangle is a falling upper trendline meeting flat support; a close below support usually continues the fall, a close above the trendline signals a reversal.
- Confirmation
- A candle close outside the triangle.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break (a fake-out).