PSX · TEXTILE COMPOSITE · 30 Min
ZAHID Descending Triangle breakout
Zahidjee Textile Mills Limited · 21 Oct 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 62.99 on the breakout. Target 69.87, invalidation 57.11.
Trade plan
● Active- Close
- 62.99
- ▲ 6.01%
- Target
- 69.87
- +10.9%
- Invalidation
- 57.11
- -9.3%
RiskReward
- Reward : risk
- 1.2 : 1
- ATR
- 2.18
- Price now
- 60.96 -3.2%
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
ZAHID broke above its descending triangle on the 30-minute close at 62.99.
Projected target 69.87 (+10.9%). The pattern is invalidated beyond 57.11 (-9.3%), a reward-to-risk of about 1.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 69.49). Nearest demand OB 52.50 - 53.25, supply OB 72.00 - 74.50.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 62.99.
- 2 The target, 69.87 (+10.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 57.11 (-9.3%), cancels the setup.
- 4 Reward : risk is 1.2 : 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).