PSX · AUTOMOBILE ASSEMBLER · Daily
INDU Falling Wedge breakout
Indus Motor Company Limited · 29 Oct 2026
▲ Bullish Breakout Pattern breakout With the trend
Closed at 1,845.55 on the breakout. Target 1,896.84, invalidation 1,755.00.
Trade plan
● Active- Close
- 1,845.55
- ▲ 1.17%
- Target
- 1,896.84
- +2.8%
- Invalidation
- 1,755.00
- -4.9%
RiskReward
- Reward : risk
- 0.6 : 1
- ATR
- 27.02
- Price now
- 1,845.55 0.0%
Outcome measured on the daily 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 Daily candles · click to enlarge
The breakdown
INDU broke above its falling wedge on the daily close at 1,845.55.
Projected target 1,896.84 (+2.8%). The pattern is invalidated beyond 1,755.00 (-4.9%), a reward-to-risk of about 0.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 1,685.00). Nearest demand OB 1,175.00 - 1,238.00.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing above the pattern at 1,845.55.
- 2 The target, 1,896.84 (+2.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 1,755.00 (-4.9%), cancels the setup.
- 4 Reward : risk is 0.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the falling wedge
A falling wedge is two downward-sloping lines that converge; the selling loses momentum and a break above the upper line is usually bullish.
- Confirmation
- A close above the upper wedge line.
- Target
- The wedge's widest height, projected up from the breakout.
- Fails if
- A close back below the upper line or below the wedge's last low.