PSX · PHARMACEUTICALS · 30 Min
FEROZ Rising Wedge breakdown
Ferozsons Laboratories Limited · 06 Nov 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 357.00 on the breakout. Target 345.30, invalidation 368.00.
Trade plan
✕ Invalidated- Close
- 357.00
- ▼ 1.38%
- Target
- 345.30
- -3.3%
- Invalidation
- 368.00
- +3.1%
RiskReward
- Reward : risk
- 1.1 : 1
- ATR
- 4.76
- Price now
- 368.00 +3.1%
- Resolved
- 10 Nov · 09:30
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
FEROZ broke below its rising wedge on the 30-minute close at 357.00.
Projected target 345.30 (-3.3%). The pattern is invalidated beyond 368.00 (+3.1%), a reward-to-risk of about 1.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 340.00). Nearest demand OB 346.00 - 346.01, supply OB 370.00 - 375.20.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 357.00.
- 2 The target, 345.30 (-3.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 368.00 (+3.1%), cancels the setup.
- 4 Reward : risk is 1.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the rising wedge
A rising wedge is two upward-sloping lines that converge; the buying loses momentum and a break below the lower line is usually bearish.
- Confirmation
- A close below the lower wedge line.
- Target
- The wedge's widest height, projected down from the breakout.
- Fails if
- A close back above the lower line or above the wedge's last high.