PSX · GLASS & CERAMICS · 30 Min
STCL Falling Wedge forming
Shabbir Tiles & Ceramics Limited · 05 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 8.10
- ▲ 0.62%
- Upper line
- 8.14
- +0.5%
- Lower line
- 7.86
- -3.0%
- ATR
- 0.06
- 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
STCL is compressing inside a falling wedge on the 30-minute chart - 5 swing points, 8.0x ATR wide at the start.
Upper line 8.14, lower line 7.86. The pattern favours an upside resolution: a 30-minute close above 8.15 confirms an upside breakout, a close below 7.85 a downside break.
Structure: bearish external, bearish internal (strong high 9.31). Nearest supply OB 9.60 - 9.75.
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 8.14 (+0.5%) would be an upside breakout.
- 3 A 30 min close below 7.86 (-3.0%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the falling wedge
A falling wedge is two downward-sloping lines that converge; the selling loses momentum and a break above the upper line is usually bullish.
- Confirmation
- A close above the upper wedge line.
- Target
- The wedge's widest height, projected up from the breakout.
- Fails if
- A close back below the upper line or below the wedge's last low.