PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
BAFS Descending Triangle breakout
Baba Farid Sugar Mills Limited · 27 Oct 2026 · 13:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 409.00 on the breakout. Target 440.35, invalidation 385.00.
Trade plan
● Active- Close
- 409.00
- ▼ 1.21%
- Target
- 440.35
- +7.7%
- Invalidation
- 385.00
- -5.9%
RiskReward
- Reward : risk
- 1.3 : 1
- ATR
- 9.61
- Price now
- 407.00 -0.5%
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
BAFS broke above its descending triangle on the 30-minute close at 409.00.
Projected target 440.35 (+7.7%). The pattern is invalidated beyond 385.00 (-5.9%), a reward-to-risk of about 1.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 480.00). Nearest demand OB 241.01 - 251.00, supply OB 421.12 - 445.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 409.00.
- 2 The target, 440.35 (+7.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 385.00 (-5.9%), cancels the setup.
- 4 Reward : risk is 1.3 : 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).