PSX · TEXTILE SPINNING · 1 Hour
IDRT Ascending Triangle breakout
Idrees Textile Mills Limited · 13 Nov 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 38.50 on the breakout. Target 43.48, invalidation 32.07.
Trade plan
● Active- Close
- 38.50
- ▲ 2.67%
- Target
- 43.48
- +12.9%
- Invalidation
- 32.07
- -16.7%
RiskReward
- Reward : risk
- 0.8 : 1
- ATR
- 1.03
- Price now
- 37.99 -1.3%
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
IDRT broke above its ascending triangle on the hourly close at 38.50.
Projected target 43.48 (+12.9%). The pattern is invalidated beyond 32.07 (-16.7%), a reward-to-risk of about 0.8 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 68.08). Nearest demand OB 27.97 - 28.50, supply OB 41.20 - 42.05.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 38.50.
- 2 The target, 43.48 (+12.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 32.07 (-16.7%), cancels the setup.
- 4 Reward : risk is 0.8 : 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.