PSX · AUTOMOBILE ASSEMBLER · 30 Min
GAL Rising Wedge breakdown
Ghandhara Automobiles Limited · 29 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 515.88 on the breakout. Target 498.51, invalidation 538.00.
Trade plan
● Active- Close
- 515.88
- ▼ 1.17%
- Target
- 498.51
- -3.4%
- Invalidation
- 538.00
- +4.3%
RiskReward
- Reward : risk
- 0.8 : 1
- ATR
- 8.35
- Price now
- 511.25 -0.9%
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
GAL broke below its rising wedge on the 30-minute close at 515.88.
Projected target 498.51 (-3.4%). The pattern is invalidated beyond 538.00 (+4.3%), a reward-to-risk of about 0.8 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 468.80). Nearest demand OB 497.00 - 500.98, supply OB 542.50 - 551.50.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 515.88.
- 2 The target, 498.51 (-3.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 538.00 (+4.3%), cancels the setup.
- 4 Reward : risk is 0.8 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the rising wedge
A rising wedge is two upward-sloping lines that converge; the buying loses momentum and a break below the lower line is usually bearish.
- Confirmation
- A close below the lower wedge line.
- Target
- The wedge's widest height, projected down from the breakout.
- Fails if
- A close back above the lower line or above the wedge's last high.