PSX · CHEMICAL · 30 Min
NRSL Ascending Triangle forming
Nimir Resins Limited · 10 Nov 2026 · 12:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 35.05
- ▲ 0.86%
- Upper line
- 35.30
- +0.7%
- Lower line
- 34.25
- -2.3%
- ATR
- 0.41
- 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
NRSL is compressing inside an ascending triangle on the 30-minute chart - 5 swing points, 6.8x ATR wide at the start.
Upper line 35.30, lower line 34.25. The pattern favours an upside resolution: a 30-minute close above 35.38 confirms an upside breakout, a close below 34.17 a downside break.
Structure: bearish external, bullish internal (strong high 40.00). Nearest demand OB 31.50 - 31.84, supply OB 36.00 - 36.95.
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 35.30 (+0.7%) would be an upside breakout.
- 3 A 30 min close below 34.25 (-2.3%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.