PSX · TEXTILE COMPOSITE · 1 Hour
NCL Ascending Triangle breakdown
Nishat Chunian Limited · 05 Nov 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 44.75 on the breakout. Target 34.39, invalidation 45.48.
Trade plan
✕ Invalidated- Close
- 44.75
- ▲ 4.36%
- Target
- 34.39
- -23.2%
- Invalidation
- 45.48
- +1.6%
RiskReward
- Reward : risk
- 14.2 : 1
- ATR
- 0.66
- Price now
- 45.20 +1.0%
- Resolved
- 10 Nov · 09:30
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
NCL broke below its ascending triangle on the hourly close at 44.75.
Projected target 34.39 (-23.2%). The pattern is invalidated beyond 45.48 (+1.6%), a reward-to-risk of about 14.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 34.50). Nearest demand OB 34.85 - 35.00, supply OB 46.03 - 47.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 44.75.
- 2 The target, 34.39 (-23.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 45.48 (+1.6%), cancels the setup.
- 4 Reward : risk is 14.2 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
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.