PSX · CHEMICAL · 30 Min
LOTCHEM Ascending Triangle breakout
Lotte Chemical Pakistan Limited · 11 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 25.33 on the breakout. Target 27.80, invalidation 24.21.
Trade plan
● Active- Close
- 25.33
- ▲ 0.32%
- Target
- 27.80
- +9.8%
- Invalidation
- 24.21
- -4.4%
RiskReward
- Reward : risk
- 2.2 : 1
- ATR
- 0.23
- Price now
- 24.71 -2.5%
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
LOTCHEM broke above its ascending triangle on the 30-minute close at 25.33.
Projected target 27.80 (+9.8%). The pattern is invalidated beyond 24.21 (-4.4%), a reward-to-risk of about 2.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 27.69). Nearest demand OB 24.66 - 24.75, supply OB 25.53 - 25.64.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 25.33.
- 2 The target, 27.80 (+9.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 24.21 (-4.4%), cancels the setup.
- 4 Reward : risk is 2.2 : 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.