PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
DWSM Ascending Triangle breakout
Dewan Sugar Mills Limited · 11 Nov 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 7.70 on the breakout. Target 8.09, invalidation 7.00.
Trade plan
✓ Target hit- Close
- 7.70
- ▲ 5.48%
- Target
- 8.09
- +5.1%
- Invalidation
- 7.00
- -9.1%
RiskReward
- Reward : risk
- 0.6 : 1
- ATR
- 0.13
- Price now
- 7.80 +1.3%
- Resolved
- 12 Nov · 09:30
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 above its ascending triangle on the 30-minute close at 7.70.
Projected target 8.09 (+5.1%). The pattern is invalidated beyond 7.00 (-9.1%), a reward-to-risk of about 0.6 : 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 above the pattern at 7.70.
- 2 The target, 8.09 (+5.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 7.00 (-9.1%), cancels the setup.
- 4 Reward : risk is 0.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.