PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
HWQS Symmetrical Triangle breakout
Haseeb Waqas Sugar Mills Limited · 10 Nov 2026 · 12:30 PKT
▲ Bullish Breakout Pattern breakout
Closed at 19.12 on the breakout. Target 21.47, invalidation 18.06.
Trade plan
● Active- Close
- 19.12
- ▲ 3.24%
- Target
- 21.47
- +12.3%
- Invalidation
- 18.06
- -5.5%
RiskReward
- Reward : risk
- 2.2 : 1
- ATR
- 0.34
- Price now
- 18.49 -3.3%
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
HWQS broke above its symmetrical triangle on the 30-minute close at 19.12.
Projected target 21.47 (+12.3%). The pattern is invalidated beyond 18.06 (-5.5%), a reward-to-risk of about 2.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 16.44). Nearest demand OB 15.50 - 15.90, supply OB 26.66 - 27.71.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 19.12.
- 2 The target, 21.47 (+12.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 18.06 (-5.5%), cancels the setup.
- 4 Reward : risk is 2.2 : 1: the distance to the target divided by the distance to invalidation.
Pattern guide
About the symmetrical triangle
A symmetrical triangle is lower highs and higher lows converging: indecision that resolves with a breakout in either direction.
- Confirmation
- A candle close beyond the upper or lower line.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break.