PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
TSML Descending Triangle breakout
Tandlianwala Sugar Mills Limited · 11 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 449.99 on the breakout. Target 489.04, invalidation 424.10.
Trade plan
- Close
- 449.99
- ▲ 1.93%
- Target
- 489.04
- +8.7%
- Invalidation
- 424.10
- -5.8%
RiskReward
- Reward : risk
- 1.5 : 1
- ATR
- 5.84
- 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
TSML broke above its descending triangle on the 30-minute close at 449.99.
Projected target 489.04 (+8.7%). The pattern is invalidated beyond 424.10 (-5.8%), 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, bearish internal (strong high 510.00). Nearest demand OB 220.10 - 259.59, supply OB 470.00 - 509.99.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 449.99.
- 2 The target, 489.04 (+8.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 424.10 (-5.8%), 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 descending triangle
A descending triangle is a falling upper trendline meeting flat support; a close below support usually continues the fall, a close above the trendline signals a reversal.
- 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 (a fake-out).