PSX · TEXTILE WEAVING · 1 Hour
STJT Descending Triangle breakout
Shahtaj Textile Limited · 06 Nov 2026 · 15:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 116.50 on the breakout. Target 176.67, invalidation 114.00.
Trade plan
● Active- Close
- 116.50
- ▼ 0.44%
- Target
- 176.67
- +51.6%
- Invalidation
- 114.00
- -2.1%
RiskReward
- Reward : risk
- 24.1 : 1
- ATR
- 4.74
- Price now
- 124.80 +7.1%
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
STJT broke above its descending triangle on the hourly close at 116.50.
Projected target 176.67 (+51.6%). The pattern is invalidated beyond 114.00 (-2.1%), a reward-to-risk of about 24.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 184.49). Nearest demand OB 93.31 - 105.00, supply OB 135.00 - 139.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 116.50.
- 2 The target, 176.67 (+51.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 114.00 (-2.1%), cancels the setup.
- 4 Reward : risk is 24.1 : 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).