PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
JSML Symmetrical Triangle breakdown
Jauharabad Sugar Mills Limited · 20 Oct 2026 · 11:00 PKT
▼ Bearish Breakout Pattern breakout
Closed at 48.11 on the breakout. Target 44.24, invalidation 50.45.
Trade plan
● Active- Close
- 48.11
- ▼ 2.00%
- Target
- 44.24
- -8.0%
- Invalidation
- 50.45
- +4.9%
RiskReward
- Reward : risk
- 1.7 : 1
- ATR
- 0.92
- Price now
- 48.79 +1.4%
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
JSML broke below its symmetrical triangle on the 30-minute close at 48.11.
Projected target 44.24 (-8.0%). The pattern is invalidated beyond 50.45 (+4.9%), a reward-to-risk of about 1.7 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 57.75). Nearest supply OB 55.00 - 55.50.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 48.11.
- 2 The target, 44.24 (-8.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 50.45 (+4.9%), cancels the setup.
- 4 Reward : risk is 1.7 : 1: the distance to the target divided by the distance to invalidation.
Pattern guide
About the symmetrical triangle
A symmetrical triangle is lower highs and higher lows converging: indecision that resolves with a breakout in either direction.
- Confirmation
- A candle close beyond the upper or lower line.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break.