PSX · ENGINEERING · 1 Hour
BCL Ascending Triangle breakdown
Bolan Castings Limited · 13 Nov 2026 · 15:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 73.66 on the breakout. Target 66.25, invalidation 77.77.
Trade plan
● Active- Close
- 73.66
- ▼ 1.66%
- Target
- 66.25
- -10.1%
- Invalidation
- 77.77
- +5.6%
RiskReward
- Reward : risk
- 1.8 : 1
- ATR
- 1.69
- Price now
- 73.66 0.0%
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 below its ascending triangle on the hourly close at 73.66.
Projected target 66.25 (-10.1%). The pattern is invalidated beyond 77.77 (+5.6%), a reward-to-risk of about 1.8 : 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 63.25 - 66.00, supply OB 88.00 - 92.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 73.66.
- 2 The target, 66.25 (-10.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 77.77 (+5.6%), cancels the setup.
- 4 Reward : risk is 1.8 : 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.