PSX · TEXTILE COMPOSITE · Daily
KML Falling Wedge breakout
Kohinoor Mills Limited · 11 Nov 2026
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 9.02 on the breakout. Target 9.79, invalidation 7.56.
Trade plan
- Close
- 9.02
- ▲ 2.04%
- Target
- 9.79
- +8.5%
- Invalidation
- 7.56
- -16.2%
RiskReward
- Reward : risk
- 0.5 : 1
- ATR
- 0.46
- 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
KML broke above its falling wedge on the daily close at 9.02.
Projected target 9.79 (+8.5%). The pattern is invalidated beyond 7.56 (-16.2%), a reward-to-risk of about 0.5 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 18.19). Nearest demand OB 4.10 - 4.30, supply OB 14.36 - 14.80.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing above the pattern at 9.02.
- 2 The target, 9.79 (+8.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 7.56 (-16.2%), cancels the setup.
- 4 Reward : risk is 0.5 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.