PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
DWSM Ascending Triangle forming
Dewan Sugar Mills Limited · 11 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 7.39
- ▲ 1.51%
- Upper line
- 7.45
- +0.8%
- Lower line
- 7.12
- -3.7%
- ATR
- 0.10
- 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
DWSM is compressing inside an ascending triangle on the 30-minute chart - 5 swing points, 10.5x ATR wide at the start.
Upper line 7.45, lower line 7.12. The pattern favours an upside resolution: a 30-minute close above 7.47 confirms an upside breakout, a close below 7.10 a downside break.
Structure: bullish external, bearish internal (strong low 5.40). Nearest demand OB 6.38 - 6.50, supply OB 9.12 - 9.40.
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 7.45 (+0.8%) would be an upside breakout.
- 3 A 30 min close below 7.12 (-3.7%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the ascending triangle
An ascending triangle is rising support meeting flat resistance; a close above resistance usually continues the rise, a close below support signals weakness.
- 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.