PSX · TEXTILE SPINNING · 30 Min
SHCM Falling Wedge breakout
Shadman Cotton Mills Limited · 20 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 61.05 on the breakout. Target 87.12, invalidation 57.11.
Trade plan
● Active- Close
- 61.05
- ▼ 0.41%
- Target
- 87.12
- +42.7%
- Invalidation
- 57.11
- -6.5%
RiskReward
- Reward : risk
- 6.6 : 1
- ATR
- 2.74
- Price now
- 62.00 +1.6%
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
SHCM broke above its falling wedge on the 30-minute close at 61.05.
Projected target 87.12 (+42.7%). The pattern is invalidated beyond 57.11 (-6.5%), a reward-to-risk of about 6.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 49.01). Nearest demand OB 53.00 - 55.00, supply OB 80.69 - 87.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 61.05.
- 2 The target, 87.12 (+42.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 57.11 (-6.5%), cancels the setup.
- 4 Reward : risk is 6.6 : 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.