PSX · TEXTILE COMPOSITE · 1 Hour
KOIL Symmetrical Triangle breakout
Kohinoor Industries Limited · 19 Oct 2026 · 12:30 PKT
▲ Bullish Breakout Pattern breakout
Closed at 40.69 on the breakout. Target 48.83, invalidation 37.12.
Trade plan
● Active- Close
- 40.69
- ▲ 2.24%
- Target
- 48.83
- +20.0%
- Invalidation
- 37.12
- -8.8%
RiskReward
- Reward : risk
- 2.3 : 1
- ATR
- 1.33
- Price now
- 39.50 -2.9%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
KOIL broke above its symmetrical triangle on the hourly close at 40.69.
Projected target 48.83 (+20.0%). The pattern is invalidated beyond 37.12 (-8.8%), a reward-to-risk of about 2.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 42.71). Nearest demand OB 34.50 - 34.69, supply OB 49.60 - 50.30.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 40.69.
- 2 The target, 48.83 (+20.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 37.12 (-8.8%), cancels the setup.
- 4 Reward : risk is 2.3 : 1: the distance to the target divided by the distance to invalidation.
Pattern guide
About the symmetrical triangle
A symmetrical triangle is lower highs and higher lows converging: indecision that resolves with a breakout in either direction.
- Confirmation
- A candle close beyond the upper or lower line.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break.