PSX · PHARMACEUTICALS · Daily
SEARL Falling Wedge breakout
The Searle Company Limited · 05 Nov 2026
▲ Bullish Breakout Pattern breakout With the trend
Closed at 78.21 on the breakout. Target 92.94, invalidation 73.07.
Trade plan
- Close
- 78.21
- ▲ 2.02%
- Target
- 92.94
- +18.8%
- Invalidation
- 73.07
- -6.6%
RiskReward
- Reward : risk
- 2.9 : 1
- ATR
- 1.90
- 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 Daily candles · click to enlarge
The breakdown
SEARL broke above its falling wedge on the daily close at 78.21.
Projected target 92.94 (+18.8%). The pattern is invalidated beyond 73.07 (-6.6%), a reward-to-risk of about 2.9 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 52.75). Nearest demand OB 66.96 - 72.17, supply OB 83.15 - 84.90.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing above the pattern at 78.21.
- 2 The target, 92.94 (+18.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 73.07 (-6.6%), cancels the setup.
- 4 Reward : risk is 2.9 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the falling wedge
A falling wedge is two downward-sloping lines that converge; the selling loses momentum and a break above the upper line is usually bullish.
- Confirmation
- A close above the upper wedge line.
- Target
- The wedge's widest height, projected up from the breakout.
- Fails if
- A close back below the upper line or below the wedge's last low.