PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
TSML Descending Triangle forming
Tandlianwala Sugar Mills Limited · 05 Nov 2026 · 10:00 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 406.00
- ▼ 5.80%
- Upper line
- 457.51
- +12.7%
- Lower line
- 403.98
- -0.5%
- ATR
- 11.60
- 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
TSML is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 7.1x ATR wide at the start.
Upper line 457.51, lower line 403.98. The pattern favours a downside resolution: a 30-minute close above 459.83 confirms an upside breakout, a close below 401.66 a downside break.
Structure: bearish external, bearish internal (strong high 510.00). Nearest demand OB 220.10 - 259.59, supply OB 470.00 - 509.99.
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 457.51 (+12.7%) would be an upside breakout.
- 3 A 30 min close below 403.98 (-0.5%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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).