PSX · AUTOMOBILE ASSEMBLER · 1 Hour
HCAR Rising Wedge breakdown
Honda Atlas Cars (Pakistan) Limited · 12 Nov 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 205.60 on the breakout. Target 201.45, invalidation 214.70.
Trade plan
● Active- Close
- 205.60
- ▼ 1.27%
- Target
- 201.45
- -2.0%
- Invalidation
- 214.70
- +4.4%
RiskReward
- Reward : risk
- 0.5 : 1
- ATR
- 2.82
- Price now
- 206.49 +0.4%
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
HCAR broke below its rising wedge on the hourly close at 205.60.
Projected target 201.45 (-2.0%). The pattern is invalidated beyond 214.70 (+4.4%), a reward-to-risk of about 0.5 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 211.50). Nearest demand OB 201.09 - 204.00, supply OB 244.50 - 252.25.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 205.60.
- 2 The target, 201.45 (-2.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 214.70 (+4.4%), cancels the setup.
- 4 Reward : risk is 0.5 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the rising wedge
A rising wedge is two upward-sloping lines that converge; the buying loses momentum and a break below the lower line is usually bearish.
- Confirmation
- A close below the lower wedge line.
- Target
- The wedge's widest height, projected down from the breakout.
- Fails if
- A close back above the lower line or above the wedge's last high.