PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
PMRS Descending Triangle breakout
The Premier Sugar Mills · 05 Nov 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 370.00 on the breakout. Target 404.00, invalidation 342.00.
Trade plan
✓ Target hit- Close
- 370.00
- ▲ 1.37%
- Target
- 404.00
- +9.2%
- Invalidation
- 342.00
- -7.6%
RiskReward
- Reward : risk
- 1.2 : 1
- ATR
- 8.65
- Price now
- 409.98 +10.8%
- Resolved
- 10 Nov · 12:30
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
PMRS broke above its descending triangle on the 30-minute close at 370.00.
Projected target 404.00 (+9.2%). The pattern is invalidated beyond 342.00 (-7.6%), a reward-to-risk of about 1.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 429.99). Nearest supply OB 676.00 - 699.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 370.00.
- 2 The target, 404.00 (+9.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 342.00 (-7.6%), cancels the setup.
- 4 Reward : risk is 1.2 : 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).