PSX · POWER GENERATION & DISTRIBUTION · 30 Min
SEL Ascending Triangle breakdown
Sitara Energy Limited · 30 Oct 2026 · 15:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 23.10 on the breakout. Target 21.23, invalidation 24.40.
Trade plan
● Active- Close
- 23.10
- ▼ 3.63%
- Target
- 21.23
- -8.1%
- Invalidation
- 24.40
- +5.6%
RiskReward
- Reward : risk
- 1.4 : 1
- ATR
- 0.41
- Price now
- 23.84 +3.2%
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
SEL broke below its ascending triangle on the 30-minute close at 23.10.
Projected target 21.23 (-8.1%). The pattern is invalidated beyond 24.40 (+5.6%), a reward-to-risk of about 1.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 27.89). Nearest supply OB 26.06 - 26.99.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 23.10.
- 2 The target, 21.23 (-8.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 24.40 (+5.6%), cancels the setup.
- 4 Reward : risk is 1.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.