PSX · PHARMACEUTICALS · 30 Min
HPL Descending Triangle breakout
Hoechst Pakistan Limited · 23 Oct 2026 · 09:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 4,100.00 on the breakout. Target 4,122.27, invalidation 3,931.00.
Trade plan
✕ Invalidated- Close
- 4,100.00
- ▲ 3.93%
- Target
- 4,122.27
- +0.5%
- Invalidation
- 3,931.00
- -4.1%
RiskReward
- Reward : risk
- 0.1 : 1
- ATR
- 50.78
- Price now
- 3,998.00 -2.5%
- Resolved
- 23 Oct · 09:30
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
HPL broke above its descending triangle on the 30-minute close at 4,100.00.
Projected target 4,122.27 (+0.5%). The pattern is invalidated beyond 3,931.00 (-4.1%), a reward-to-risk of about 0.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 3,602.00). Nearest supply OB 4,512.91 - 4,650.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 4,100.00.
- 2 The target, 4,122.27 (+0.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 3,931.00 (-4.1%), cancels the setup.
- 4 Reward : risk is 0.1 : 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).