PSX · TEXTILE SPINNING · 30 Min
KSTM Descending Triangle breakout
Khalid Siraj Textile Mills Limited · 27 Oct 2026 · 14:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 12.97 on the breakout. Target 16.65, invalidation 12.00.
Trade plan
● Active- Close
- 12.97
- ▲ 2.94%
- Target
- 16.65
- +28.4%
- Invalidation
- 12.00
- -7.5%
RiskReward
- Reward : risk
- 3.8 : 1
- ATR
- 0.32
- Price now
- 12.80 -1.3%
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
KSTM broke above its descending triangle on the 30-minute close at 12.97.
Projected target 16.65 (+28.4%). The pattern is invalidated beyond 12.00 (-7.5%), a reward-to-risk of about 3.8 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 11.63). Nearest demand OB 9.90 - 10.00, supply OB 14.12 - 14.47.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 12.97.
- 2 The target, 16.65 (+28.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 12.00 (-7.5%), cancels the setup.
- 4 Reward : risk is 3.8 : 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).