PSX · SUGAR & ALLIED INDUSTRIES · Daily
ADAMS Symmetrical Triangle breakout
Adam Sugar Mills Limited · 02 Nov 2026
▲ Bullish Breakout Pattern breakout
Closed at 66.60 on the breakout. Target 99.99, invalidation 60.50.
Trade plan
- Close
- 66.60
- ▼ 0.02%
- Target
- 99.99
- +50.1%
- Invalidation
- 60.50
- -9.2%
RiskReward
- Reward : risk
- 5.5 : 1
- ATR
- 3.68
- 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 Daily candles · click to enlarge
The breakdown
ADAMS broke above its symmetrical triangle on the daily close at 66.60.
Projected target 99.99 (+50.1%). The pattern is invalidated beyond 60.50 (-9.2%), a reward-to-risk of about 5.5 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 44.12). Nearest demand OB 47.00 - 49.10, supply OB 77.80 - 81.80.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing above the pattern at 66.60.
- 2 The target, 99.99 (+50.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 60.50 (-9.2%), cancels the setup.
- 4 Reward : risk is 5.5 : 1: the distance to the target divided by the distance to invalidation.
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.