PSX · AUTOMOBILE PARTS & ACCESSORIES · 30 Min
BELA Ascending Triangle breakdown
Bela Automotives Limited · 03 Nov 2026 · 12:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 62.05 on the breakout. Target 55.54, invalidation 67.20.
Trade plan
● Active- Close
- 62.05
- ▼ 1.51%
- Target
- 55.54
- -10.5%
- Invalidation
- 67.20
- +8.3%
RiskReward
- Reward : risk
- 1.3 : 1
- ATR
- 1.96
- Price now
- 62.05 0.0%
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
BELA broke below its ascending triangle on the 30-minute close at 62.05.
Projected target 55.54 (-10.5%). The pattern is invalidated beyond 67.20 (+8.3%), a reward-to-risk of about 1.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 80.58). Nearest supply OB 89.99 - 90.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 62.05.
- 2 The target, 55.54 (-10.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 67.20 (+8.3%), cancels the setup.
- 4 Reward : risk is 1.3 : 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.