PSX · TEXTILE SPINNING · 1 Hour
KOSM Rising Wedge breakout
Kohinoor Spinning Mills Limited · 13 Nov 2026 · 11:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 6.00 on the breakout. Target 6.23, invalidation 5.29.
Trade plan
● Active- Close
- 6.00
- ▲ 2.74%
- Target
- 6.23
- +3.8%
- Invalidation
- 5.29
- -11.8%
RiskReward
- Reward : risk
- 0.3 : 1
- ATR
- 0.13
- Price now
- 5.90 -1.7%
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
KOSM broke above its rising wedge on the hourly close at 6.00.
Projected target 6.23 (+3.8%). The pattern is invalidated beyond 5.29 (-11.8%), a reward-to-risk of about 0.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 7.29). Nearest demand OB 4.95 - 5.00, supply OB 6.44 - 6.48.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 6.00.
- 2 The target, 6.23 (+3.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 5.29 (-11.8%), cancels the setup.
- 4 Reward : risk is 0.3 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.