PSX · CHEMICAL · 30 Min
NRSL Ascending Triangle breakout
Nimir Resins Limited · 11 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 36.20 on the breakout. Target 36.72, invalidation 34.00.
Trade plan
● Active- Close
- 36.20
- ▲ 2.26%
- Target
- 36.72
- +1.4%
- Invalidation
- 34.00
- -6.1%
RiskReward
- Reward : risk
- 0.2 : 1
- ATR
- 0.53
- Price now
- 35.48 -2.0%
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
NRSL broke above its ascending triangle on the 30-minute close at 36.20.
Projected target 36.72 (+1.4%). The pattern is invalidated beyond 34.00 (-6.1%), a reward-to-risk of about 0.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 40.00). Nearest demand OB 31.50 - 31.84, supply OB 40.30 - 40.50.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 36.20.
- 2 The target, 36.72 (+1.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 34.00 (-6.1%), cancels the setup.
- 4 Reward : risk is 0.2 : 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.