PSX · ENGINEERING
ISL Descending Triangle breakout — 30 Min chart signal
International Steels Limited
30 Min 16 Oct 2026 · 09:30 PKT
Close
78.20
▲ 0.51%
Descending Triangle breakout
Pattern breakout Against the trend
ISL broke above its descending triangle on the 30-minute close at 78.20.
Projected target 80.88 (+3.4%). The pattern is invalidated beyond 77.00 (-1.5%), a reward-to-risk of about 2.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 84.58). Nearest demand OB 76.15 - 76.60, supply OB 80.26 - 80.88.