PSX · INSURANCE · 30 Min
IGIHL Ascending Triangle breakout
IGI Holdings Limited · 10 Nov 2026 · 11:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 236.98 on the breakout. Target 249.01, invalidation 230.02.
Trade plan
● Active- Close
- 236.98
- ▲ 0.63%
- Target
- 249.01
- +5.1%
- Invalidation
- 230.02
- -2.9%
RiskReward
- Reward : risk
- 1.7 : 1
- ATR
- 1.78
- Price now
- 237.99 +0.4%
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
IGIHL broke above its ascending triangle on the 30-minute close at 236.98.
Projected target 249.01 (+5.1%). The pattern is invalidated beyond 230.02 (-2.9%), a reward-to-risk of about 1.7 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 324.24). Nearest demand OB 201.50 - 204.00, supply OB 244.00 - 245.99.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 236.98.
- 2 The target, 249.01 (+5.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 230.02 (-2.9%), cancels the setup.
- 4 Reward : risk is 1.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the ascending triangle
An ascending triangle is rising support meeting flat resistance; a close above resistance usually continues the rise, a close below support signals weakness.
- 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.