PSX · TEXTILE COMPOSITE · 30 Min
ZAHID Falling Wedge breakout
Zahidjee Textile Mills Limited · 23 Oct 2026 · 16:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 60.86 on the breakout. Target 64.71, invalidation 57.11.
Trade plan
✕ Invalidated- Close
- 60.86
- ▲ 6.21%
- Target
- 64.71
- +6.3%
- Invalidation
- 57.11
- -6.2%
RiskReward
- Reward : risk
- 1.0 : 1
- ATR
- 1.91
- Price now
- 58.95 -3.1%
- Resolved
- 26 Oct · 09:30
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
ZAHID broke above its falling wedge on the 30-minute close at 60.86.
Projected target 64.71 (+6.3%). The pattern is invalidated beyond 57.11 (-6.2%), a reward-to-risk of about 1.0 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 69.49). Nearest demand OB 52.50 - 53.25, supply OB 72.00 - 74.50.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 60.86.
- 2 The target, 64.71 (+6.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 57.11 (-6.2%), cancels the setup.
- 4 Reward : risk is 1.0 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the falling wedge
A falling wedge is two downward-sloping lines that converge; the selling loses momentum and a break above the upper line is usually bullish.
- Confirmation
- A close above the upper wedge line.
- Target
- The wedge's widest height, projected up from the breakout.
- Fails if
- A close back below the upper line or below the wedge's last low.