PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
NONS Descending Triangle breakout
Noon Sugar Mills Limited · 26 Oct 2026 · 13:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 86.00 on the breakout. Target 95.83, invalidation 81.10.
Trade plan
✕ Invalidated- Close
- 86.00
- ▲ 4.88%
- Target
- 95.83
- +11.4%
- Invalidation
- 81.10
- -5.7%
RiskReward
- Reward : risk
- 2.0 : 1
- ATR
- 1.11
- Price now
- 83.00 -3.5%
- Resolved
- 26 Oct · 15:00
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
NONS broke above its descending triangle on the 30-minute close at 86.00.
Projected target 95.83 (+11.4%). The pattern is invalidated beyond 81.10 (-5.7%), a reward-to-risk of about 2.0 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 125.99). Nearest demand OB 81.29 - 81.30, supply OB 92.49 - 94.78.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 86.00.
- 2 The target, 95.83 (+11.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 81.10 (-5.7%), cancels the setup.
- 4 Reward : risk is 2.0 : 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).