PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
JSML Ascending Triangle breakdown
Jauharabad Sugar Mills Limited · 28 Oct 2026 · 12:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 47.98 on the breakout. Target 44.88, invalidation 49.33.
Trade plan
● Active- Close
- 47.98
- ▲ 1.12%
- Target
- 44.88
- -6.5%
- Invalidation
- 49.33
- +2.8%
RiskReward
- Reward : risk
- 2.3 : 1
- ATR
- 0.85
- Price now
- 48.66 +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 ascending triangle on the 30-minute close at 47.98.
Projected target 44.88 (-6.5%). The pattern is invalidated beyond 49.33 (+2.8%), a reward-to-risk of about 2.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 50.90). 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 47.98.
- 2 The target, 44.88 (-6.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 49.33 (+2.8%), cancels the setup.
- 4 Reward : risk is 2.3 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the ascending triangle
An ascending triangle is rising support meeting flat resistance; a close above resistance usually continues the rise, a close below support signals weakness.
- 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.