PSX · TEXTILE COMPOSITE · 30 Min
BHAT Ascending Triangle forming
Bhanero Textile Mills Limited · 06 Nov 2026 · 11:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 964.56
- ▲ 0.00%
- Upper line
- 964.23
- 0.0%
- Lower line
- 876.86
- -9.1%
- ATR
- 24.74
- 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
BHAT is compressing inside an ascending triangle on the 30-minute chart - 5 swing points, 8.0x ATR wide at the start.
Upper line 964.23, lower line 876.86. The pattern favours an upside resolution: a 30-minute close above 969.18 confirms an upside breakout, a close below 871.91 a downside break.
Structure: bearish external, bearish internal (strong high 1,250.00). Nearest bullish FVG 775.00 - 778.00.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 964.23 (0.0%) would be an upside breakout.
- 3 A 30 min close below 876.86 (-9.1%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.