PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
DWSM Ascending Triangle breakdown
Dewan Sugar Mills Limited · 11 Nov 2026 · 13:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 7.10 on the breakout. Target 6.38, invalidation 7.50.
Trade plan
✕ Invalidated- Close
- 7.10
- ▼ 1.93%
- Target
- 6.38
- -10.1%
- Invalidation
- 7.50
- +5.6%
RiskReward
- Reward : risk
- 1.8 : 1
- ATR
- 0.09
- Price now
- 7.80 +9.9%
- Resolved
- 11 Nov · 14:30
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
DWSM broke below its ascending triangle on the 30-minute close at 7.10.
Projected target 6.38 (-10.1%). The pattern is invalidated beyond 7.50 (+5.6%), a reward-to-risk of about 1.8 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
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 The breakout was confirmed by the 30 min candle closing below the pattern at 7.10.
- 2 The target, 6.38 (-10.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 7.50 (+5.6%), cancels the setup.
- 4 Reward : risk is 1.8 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
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.