PSX · CHEMICAL · 30 Min
NRSL Ascending Triangle breakout
Nimir Resins Limited · 10 Nov 2026 · 14:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 35.80 on the breakout. Target 36.48, invalidation 34.00.
Trade plan
● Active- Close
- 35.80
- ▲ 2.58%
- Target
- 36.48
- +1.9%
- Invalidation
- 34.00
- -5.0%
RiskReward
- Reward : risk
- 0.4 : 1
- ATR
- 0.47
- Price now
- 35.30 -1.4%
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
NRSL broke above its ascending triangle on the 30-minute close at 35.80.
Projected target 36.48 (+1.9%). The pattern is invalidated beyond 34.00 (-5.0%), a reward-to-risk of about 0.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
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 The breakout was confirmed by the 30 min candle closing above the pattern at 35.80.
- 2 The target, 36.48 (+1.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 34.00 (-5.0%), cancels the setup.
- 4 Reward : risk is 0.4 : 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.