PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
SHJS Ascending Triangle breakdown
Shahtaj Sugar Mills Limited · 28 Oct 2026 · 11:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 138.10 on the breakout. Target 135.46, invalidation 149.95.
Trade plan
✕ Invalidated- Close
- 138.10
- ▼ 7.39%
- Target
- 135.46
- -1.9%
- Invalidation
- 149.95
- +8.6%
RiskReward
- Reward : risk
- 0.2 : 1
- ATR
- 3.36
- Price now
- 156.00 +13.0%
- Resolved
- 28 Oct · 13:00
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
SHJS broke below its ascending triangle on the 30-minute close at 138.10.
Projected target 135.46 (-1.9%). The pattern is invalidated beyond 149.95 (+8.6%), a reward-to-risk of about 0.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 125.01). Nearest demand OB 136.40 - 137.00, supply OB 168.01 - 168.02.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 138.10.
- 2 The target, 135.46 (-1.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 149.95 (+8.6%), cancels the setup.
- 4 Reward : risk is 0.2 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the ascending triangle
An ascending triangle is rising support meeting flat resistance; a close above resistance usually continues the rise, a close below support signals weakness.
- 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.