PSX · LEATHER & TANNERIES · 30 Min
BATA Symmetrical Triangle breakdown
Bata Pakistan Limited · 03 Nov 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout
Closed at 780.00 on the breakout. Target 773.43, invalidation 809.80.
Trade plan
● Active- Close
- 780.00
- ▼ 2.98%
- Target
- 773.43
- -0.8%
- Invalidation
- 809.80
- +3.8%
RiskReward
- Reward : risk
- 0.2 : 1
- ATR
- 9.39
- Price now
- 799.00 +2.4%
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
BATA broke below its symmetrical triangle on the 30-minute close at 780.00.
Projected target 773.43 (-0.8%). The pattern is invalidated beyond 809.80 (+3.8%), 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: bearish external, bearish internal (strong high 900.00). Nearest supply OB 824.00 - 827.70.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 780.00.
- 2 The target, 773.43 (-0.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 809.80 (+3.8%), cancels the setup.
- 4 Reward : risk is 0.2 : 1: the distance to the target divided by the distance to invalidation.
Pattern guide
About the symmetrical triangle
A symmetrical triangle is lower highs and higher lows converging: indecision that resolves with a breakout in either direction.
- Confirmation
- A candle close beyond the upper or lower line.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break.