PSX · ENGINEERING · 1 Hour
BCL Ascending Triangle breakout
Bolan Castings Limited · 12 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 79.01 on the breakout. Target 82.61, invalidation 72.81.
Trade plan
● Active- Close
- 79.01
- ▲ 7.10%
- Target
- 82.61
- +4.6%
- Invalidation
- 72.81
- -7.8%
RiskReward
- Reward : risk
- 0.6 : 1
- ATR
- 1.77
- Price now
- 76.00 -3.8%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
BCL broke above its ascending triangle on the hourly close at 79.01.
Projected target 82.61 (+4.6%). The pattern is invalidated beyond 72.81 (-7.8%), 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, bullish internal (strong low 56.02). Nearest demand OB 72.81 - 74.57, supply OB 88.00 - 92.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 79.01.
- 2 The target, 82.61 (+4.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 72.81 (-7.8%), 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.