PSX · TEXTILE SPINNING · 30 Min
DSIL Rising Wedge breakout
D.S. Industries Limited · 21 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 25.50 on the breakout. Target 26.48, invalidation 23.20.
Trade plan
✓ Target hit- Close
- 25.50
- ▲ 5.42%
- Target
- 26.48
- +3.8%
- Invalidation
- 23.20
- -9.0%
RiskReward
- Reward : risk
- 0.4 : 1
- ATR
- 0.73
- Price now
- 27.29 +7.0%
- Resolved
- 21 Oct · 10:00
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
DSIL broke above its rising wedge on the 30-minute close at 25.50.
Projected target 26.48 (+3.8%). The pattern is invalidated beyond 23.20 (-9.0%), a reward-to-risk of about 0.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 15.07). Nearest demand OB 20.00 - 20.94.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 25.50.
- 2 The target, 26.48 (+3.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 23.20 (-9.0%), cancels the setup.
- 4 Reward : risk is 0.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.