PSX · FOOD & PERSONAL CARE PRODUCTS · 30 Min
SHEZ Ascending Triangle breakdown
Shezan International Limited · 11 Nov 2026 · 14:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 262.00 on the breakout. Target 240.60, invalidation 279.95.
Trade plan
- Close
- 262.00
- ▼ 2.60%
- Target
- 240.60
- -8.2%
- Invalidation
- 279.95
- +6.9%
RiskReward
- Reward : risk
- 1.2 : 1
- ATR
- 5.44
- 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
SHEZ broke below its ascending triangle on the 30-minute close at 262.00.
Projected target 240.60 (-8.2%). The pattern is invalidated beyond 279.95 (+6.9%), a reward-to-risk of about 1.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 220.10). Nearest demand OB 225.01 - 230.12.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 262.00.
- 2 The target, 240.60 (-8.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 279.95 (+6.9%), cancels the setup.
- 4 Reward : risk is 1.2 : 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.