PSX · TEXTILE SPINNING · Daily
TATM Descending Triangle breakdown
Tata Textile Mills Limited · 20 Oct 2026
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 139.15 on the breakout. Target 54.82, invalidation 166.00.
Trade plan
● Active- Close
- 139.15
- ▼ 3.46%
- Target
- 54.82
- -60.6%
- Invalidation
- 166.00
- +19.3%
RiskReward
- Reward : risk
- 3.1 : 1
- ATR
- 7.36
- Price now
- 139.15 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
TATM broke below its descending triangle on the daily close at 139.15.
Projected target 54.82 (-60.6%). The pattern is invalidated beyond 166.00 (+19.3%), a reward-to-risk of about 3.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 34.05). Nearest demand OB 125.00 - 135.02, supply OB 208.00 - 215.67.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 139.15.
- 2 The target, 54.82 (-60.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 166.00 (+19.3%), cancels the setup.
- 4 Reward : risk is 3.1 : 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).