PSX · AUTOMOBILE ASSEMBLER · 30 Min
GHNI Rising Wedge forming
Ghandhara Industries Limited · 13 Nov 2026 · 11:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 1,267.99
- ▼ 0.55%
- Upper line
- 1,323.10
- +4.3%
- Lower line
- 1,268.52
- +0.0%
- ATR
- 11.96
- 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
GHNI is compressing inside a rising wedge on the 30-minute chart - 5 swing points, 6.6x ATR wide at the start.
Upper line 1,323.10, lower line 1,268.52. The pattern favours a downside resolution: a 30-minute close above 1,325.49 confirms an upside breakout, a close below 1,266.13 a downside break.
Structure: bullish external, bullish internal (strong low 1,230.00). Nearest demand OB 1,232.12 - 1,239.79.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 1,323.10 (+4.3%) would be an upside breakout.
- 3 A 30 min close below 1,268.52 (+0.0%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.