PSX · TEXTILE COMPOSITE · Daily
NCL Descending Triangle breakout
Nishat Chunian Limited · 22 Oct 2026
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 41.86 on the breakout. Target 43.04, invalidation 34.50.
Trade plan
- Close
- 41.86
- ▲ 10.01%
- Target
- 43.04
- +2.8%
- Invalidation
- 34.50
- -17.6%
RiskReward
- Reward : risk
- 0.2 : 1
- ATR
- 1.38
- 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 Daily candles · click to enlarge
The breakdown
NCL broke above its descending triangle on the daily close at 41.86.
Projected target 43.04 (+2.8%). The pattern is invalidated beyond 34.50 (-17.6%), a reward-to-risk of about 0.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 61.41). Nearest demand OB 34.50 - 35.40, supply OB 55.00 - 57.45.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing above the pattern at 41.86.
- 2 The target, 43.04 (+2.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 34.50 (-17.6%), cancels the setup.
- 4 Reward : risk is 0.2 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the descending triangle
A descending triangle is a falling upper trendline meeting flat support; a close below support usually continues the fall, a close above the trendline signals a reversal.
- 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 (a fake-out).