PSX · AUTOMOBILE ASSEMBLER · Daily
HINO Descending Triangle breakout
Hinopak Motors Limited · 11 Nov 2026
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 315.08 on the breakout. Target 477.49, invalidation 285.00.
Trade plan
- Close
- 315.08
- ▼ 1.02%
- Target
- 477.49
- +51.5%
- Invalidation
- 285.00
- -9.5%
RiskReward
- Reward : risk
- 5.4 : 1
- ATR
- 13.00
- 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
HINO broke above its descending triangle on the daily close at 315.08.
Projected target 477.49 (+51.5%). The pattern is invalidated beyond 285.00 (-9.5%), a reward-to-risk of about 5.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 634.50). Nearest demand OB 255.00 - 260.04, supply OB 335.08 - 350.00.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing above the pattern at 315.08.
- 2 The target, 477.49 (+51.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 285.00 (-9.5%), cancels the setup.
- 4 Reward : risk is 5.4 : 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).