PSX · PHARMACEUTICALS · 1 Hour
HPL Descending Triangle breakout
Hoechst Pakistan Limited · 04 Nov 2026 · 11:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 4,048.99 on the breakout. Target 4,016.99, invalidation 3,901.30.
Trade plan
● Active- Close
- 4,048.99
- ▲ 1.99%
- Target
- 4,016.99
- -0.8%
- Invalidation
- 3,901.30
- -3.6%
RiskReward
- Reward : risk
- 0.2 : 1
- ATR
- 38.73
- Price now
- 3,965.01 -2.1%
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
HPL broke above its descending triangle on the hourly close at 4,048.99.
Projected target 4,016.99 (-0.8%). The pattern is invalidated beyond 3,901.30 (-3.6%), 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, bullish internal (strong high 4,400.00). Nearest supply OB 4,512.91 - 4,650.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 4,048.99.
- 2 The target, 4,016.99 (-0.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 3,901.30 (-3.6%), cancels the setup.
- 4 Reward : risk is 0.2 : 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).