PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 30 Min
PIAHCLA Descending Triangle breakout
PIA Holding Company Limited · 28 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 22.55 on the breakout. Target 24.24, invalidation 22.25.
Trade plan
● Active- Close
- 22.55
- ▲ 0.49%
- Target
- 24.24
- +7.5%
- Invalidation
- 22.25
- -1.3%
RiskReward
- Reward : risk
- 5.6 : 1
- ATR
- 0.15
- Price now
- 22.50 -0.2%
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
PIAHCLA broke above its descending triangle on the 30-minute close at 22.55.
Projected target 24.24 (+7.5%). The pattern is invalidated beyond 22.25 (-1.3%), a reward-to-risk of about 5.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 26.30). Nearest supply OB 26.84 - 27.15.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 22.55.
- 2 The target, 24.24 (+7.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 22.25 (-1.3%), cancels the setup.
- 4 Reward : risk is 5.6 : 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).