PSX · INSURANCE · 30 Min
IGIHL Ascending Triangle breakout
IGI Holdings Limited · 11 Nov 2026 · 14:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 239.00 on the breakout. Target 252.36, invalidation 230.02.
Trade plan
- Close
- 239.00
- ▲ 1.66%
- Target
- 252.36
- +5.6%
- Invalidation
- 230.02
- -3.8%
RiskReward
- Reward : risk
- 1.5 : 1
- ATR
- 1.69
- 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 239.00.
Projected target 252.36 (+5.6%). The pattern is invalidated beyond 230.02 (-3.8%), a reward-to-risk of about 1.5 : 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 239.00.
- 2 The target, 252.36 (+5.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 230.02 (-3.8%), cancels the setup.
- 4 Reward : risk is 1.5 : 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.