PSX · GLASS & CERAMICS · 30 Min
GVGL Falling Wedge breakout
Ghani Value Glass Limited · 19 Oct 2026 · 11:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 51.00 on the breakout. Target 52.88, invalidation 50.06.
Trade plan
● Active- Close
- 51.00
- ▲ 1.53%
- Target
- 52.88
- +3.7%
- Invalidation
- 50.06
- -1.8%
RiskReward
- Reward : risk
- 2.0 : 1
- ATR
- 0.73
- Price now
- 51.00 0.0%
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
GVGL broke above its falling wedge on the 30-minute close at 51.00.
Projected target 52.88 (+3.7%). The pattern is invalidated beyond 50.06 (-1.8%), a reward-to-risk of about 2.0 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 43.65). Nearest demand OB 46.01 - 46.26.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 51.00.
- 2 The target, 52.88 (+3.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 50.06 (-1.8%), cancels the setup.
- 4 Reward : risk is 2.0 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the falling wedge
A falling wedge is two downward-sloping lines that converge; the selling loses momentum and a break above the upper line is usually bullish.
- Confirmation
- A close above the upper wedge line.
- Target
- The wedge's widest height, projected up from the breakout.
- Fails if
- A close back below the upper line or below the wedge's last low.