PSX · SUGAR & ALLIED INDUSTRIES · 1 Hour
FRSM Descending Triangle breakout
Faran Sugar Mills Limited · 05 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 42.49 on the breakout. Target 44.46, invalidation 39.52.
Trade plan
● Active- Close
- 42.49
- ▲ 3.63%
- Target
- 44.46
- +4.6%
- Invalidation
- 39.52
- -7.0%
RiskReward
- Reward : risk
- 0.7 : 1
- ATR
- 1.05
- Price now
- 41.66 -2.0%
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
FRSM broke above its descending triangle on the hourly close at 42.49.
Projected target 44.46 (+4.6%). The pattern is invalidated beyond 39.52 (-7.0%), a reward-to-risk of about 0.7 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 51.75). Nearest demand OB 38.11 - 38.12, supply OB 48.69 - 49.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 42.49.
- 2 The target, 44.46 (+4.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 39.52 (-7.0%), cancels the setup.
- 4 Reward : risk is 0.7 : 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).