PSX · POWER GENERATION & DISTRIBUTION · 30 Min
NCPL Descending Triangle breakout
Nishat Chunian Power Limited · 04 Nov 2026 · 10:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 49.19 on the breakout. Target 54.31, invalidation 48.01.
Trade plan
✕ Invalidated- Close
- 49.19
- ▲ 0.80%
- Target
- 54.31
- +10.4%
- Invalidation
- 48.01
- -2.4%
RiskReward
- Reward : risk
- 4.3 : 1
- ATR
- 0.49
- Price now
- 47.90 -2.6%
- Resolved
- 04 Nov · 12:00
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
NCPL broke above its descending triangle on the 30-minute close at 49.19.
Projected target 54.31 (+10.4%). The pattern is invalidated beyond 48.01 (-2.4%), a reward-to-risk of about 4.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 54.85). Nearest supply OB 51.59 - 53.39.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 49.19.
- 2 The target, 54.31 (+10.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 48.01 (-2.4%), cancels the setup.
- 4 Reward : risk is 4.3 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the descending triangle
A descending triangle is a falling upper trendline meeting flat support; a close below support usually continues the fall, a close above the trendline signals a reversal.
- 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 (a fake-out).