PSX · TEXTILE COMPOSITE · 1 Hour
STML Descending Triangle breakout
Shams Textile Mills Limited · 04 Nov 2026 · 12:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 45.11 on the breakout. Target 50.23, invalidation 40.20.
Trade plan
● Active- Close
- 45.11
- ▲ 0.00%
- Target
- 50.23
- +11.4%
- Invalidation
- 40.20
- -10.9%
RiskReward
- Reward : risk
- 1.0 : 1
- ATR
- 1.45
- Price now
- 45.11 0.0%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
STML broke above its descending triangle on the hourly close at 45.11.
Projected target 50.23 (+11.4%). The pattern is invalidated beyond 40.20 (-10.9%), a reward-to-risk of about 1.0 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 35.91). Nearest demand OB 34.80 - 35.49, supply OB 51.67 - 55.85.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 45.11.
- 2 The target, 50.23 (+11.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 40.20 (-10.9%), cancels the setup.
- 4 Reward : risk is 1.0 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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).