PSX · ENGINEERING · 30 Min
BCL Ascending Triangle breakdown
Bolan Castings Limited · 28 Oct 2026 · 13:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 72.51 on the breakout. Target 65.37, invalidation 76.98.
Trade plan
● Active- Close
- 72.51
- ▼ 0.67%
- Target
- 65.37
- -9.8%
- Invalidation
- 76.98
- +6.2%
RiskReward
- Reward : risk
- 1.6 : 1
- ATR
- 1.43
- Price now
- 75.00 +3.4%
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
BCL broke below its ascending triangle on the 30-minute close at 72.51.
Projected target 65.37 (-9.8%). The pattern is invalidated beyond 76.98 (+6.2%), a reward-to-risk of about 1.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 62.00). Nearest demand OB 64.50 - 65.98, supply OB 88.00 - 92.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 72.51.
- 2 The target, 65.37 (-9.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 76.98 (+6.2%), cancels the setup.
- 4 Reward : risk is 1.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.