PSX · TEXTILE COMPOSITE · 30 Min
STML Symmetrical Triangle forming
Shams Textile Mills Limited · 02 Nov 2026 · 15:00 PKT
◆ Neutral Forming Chart pattern
Lines to watch
Awaiting breakout- Close
- 44.00
- ▼ 7.10%
- Upper line
- 46.97
- +6.7%
- Lower line
- 43.52
- -1.1%
- ATR
- 1.64
- 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 30 Min candles · click to enlarge
The breakdown
STML is compressing inside a symmetrical triangle on the 30-minute chart - 5 swing points, 7.0x ATR wide at the start.
Upper line 46.97, lower line 43.52. The pattern has no built-in bias: a 30-minute close above 47.30 confirms an upside breakout, a close below 43.19 a downside break.
Structure: bearish external, bullish internal (strong high 50.60). Nearest demand OB 40.01 - 40.50, supply OB 51.69 - 55.85.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 46.97 (+6.7%) would be an upside breakout.
- 3 A 30 min close below 43.52 (-1.1%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the symmetrical triangle
A symmetrical triangle is lower highs and higher lows converging: indecision that resolves with a breakout in either direction.
- Confirmation
- A candle close beyond the upper or lower line.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break.