PSX · TEXTILE COMPOSITE · 1 Hour
STML Descending Triangle breakout
Shams Textile Mills Limited · 03 Nov 2026 · 12:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 45.93 on the breakout. Target 51.00, invalidation 41.10.
Trade plan
✕ Invalidated- Close
- 45.93
- ▲ 0.00%
- Target
- 51.00
- +11.0%
- Invalidation
- 41.10
- -10.5%
RiskReward
- Reward : risk
- 1.0 : 1
- ATR
- 1.50
- Price now
- 45.00 -2.0%
- Resolved
- 03 Nov · 14:30
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
STML broke above its descending triangle on the hourly close at 45.93.
Projected target 51.00 (+11.0%). The pattern is invalidated beyond 41.10 (-10.5%), a reward-to-risk of about 1.0 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 35.91). Nearest demand OB 40.01 - 40.50, supply OB 51.67 - 55.85.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 45.93.
- 2 The target, 51.00 (+11.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 41.10 (-10.5%), cancels the setup.
- 4 Reward : risk is 1.0 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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).