PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
SHJS Ascending Triangle breakout
Shahtaj Sugar Mills Limited · 29 Oct 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 155.47 on the breakout. Target 167.59, invalidation 140.00.
Trade plan
✕ Invalidated- Close
- 155.47
- ▼ 0.34%
- Target
- 167.59
- +7.8%
- Invalidation
- 140.00
- -10.0%
RiskReward
- Reward : risk
- 0.8 : 1
- ATR
- 4.12
- Price now
- 152.00 -2.2%
- Resolved
- 29 Oct · 13:00
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
SHJS broke above its ascending triangle on the 30-minute close at 155.47.
Projected target 167.59 (+7.8%). The pattern is invalidated beyond 140.00 (-10.0%), 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 125.01). Nearest demand OB 136.40 - 137.00, supply OB 168.01 - 168.02.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 155.47.
- 2 The target, 167.59 (+7.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 140.00 (-10.0%), cancels the setup.
- 4 Reward : risk is 0.8 : 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.