PSX · PAPER, BOARD & PACKAGING · 30 Min
CPPL Descending Triangle breakout
Cherat Packaging Limited · 04 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 87.84 on the breakout. Target 96.35, invalidation 82.51.
Trade plan
● Active- Close
- 87.84
- ▲ 2.02%
- Target
- 96.35
- +9.7%
- Invalidation
- 82.51
- -6.1%
RiskReward
- Reward : risk
- 1.6 : 1
- ATR
- 1.11
- Price now
- 87.00 -1.0%
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
CPPL broke above its descending triangle on the 30-minute close at 87.84.
Projected target 96.35 (+9.7%). The pattern is invalidated beyond 82.51 (-6.1%), a reward-to-risk of about 1.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 90.20). Nearest demand OB 75.91 - 76.24, supply OB 100.00 - 102.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 87.84.
- 2 The target, 96.35 (+9.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 82.51 (-6.1%), cancels the setup.
- 4 Reward : risk is 1.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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).