PSX · OIL & GAS MARKETING COMPANIES · Daily
HTL Falling Wedge breakout
Hi-Tech Lubricants Limited · 29 Oct 2026
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 40.46 on the breakout. Target 45.49, invalidation 32.45.
Trade plan
● Active- Close
- 40.46
- ▲ 10.01%
- Target
- 45.49
- +12.4%
- Invalidation
- 32.45
- -19.8%
RiskReward
- Reward : risk
- 0.6 : 1
- ATR
- 1.58
- Price now
- 40.46 0.0%
Outcome measured on the daily 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 Daily candles · click to enlarge
The breakdown
HTL broke above its falling wedge on the daily close at 40.46.
Projected target 45.49 (+12.4%). The pattern is invalidated beyond 32.45 (-19.8%), a reward-to-risk of about 0.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 66.50). Nearest demand OB 32.45 - 33.99.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing above the pattern at 40.46.
- 2 The target, 45.49 (+12.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 32.45 (-19.8%), cancels the setup.
- 4 Reward : risk is 0.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.