PSX · AUTOMOBILE PARTS & ACCESSORIES · 30 Min
BELA Ascending Triangle forming
Bela Automotives Limited · 29 Oct 2026 · 10:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 65.49
- ▲ 3.62%
- Upper line
- 67.24
- +2.7%
- Lower line
- 61.35
- -6.3%
- ATR
- 1.85
- 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
BELA is compressing inside an ascending triangle on the 30-minute chart - 5 swing points, 7.4x ATR wide at the start.
Upper line 67.24, lower line 61.35. The pattern favours an upside resolution: a 30-minute close above 67.61 confirms an upside breakout, a close below 60.98 a downside break.
Structure: bearish external, bearish internal (strong high 80.58). Nearest supply OB 89.99 - 90.00.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 67.24 (+2.7%) would be an upside breakout.
- 3 A 30 min close below 61.35 (-6.3%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.