PSX · OIL & GAS MARKETING COMPANIES · Daily
PSO Descending Triangle breakout
Pakistan State Oil Company Limited · 11 Nov 2026
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 374.68 on the breakout. Target 405.08, invalidation 340.56.
Trade plan
- Close
- 374.68
- ▲ 3.70%
- Target
- 405.08
- +8.1%
- Invalidation
- 340.56
- -9.1%
RiskReward
- Reward : risk
- 0.9 : 1
- ATR
- 9.39
- 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
PSO broke above its descending triangle on the daily close at 374.68.
Projected target 405.08 (+8.1%). The pattern is invalidated beyond 340.56 (-9.1%), a reward-to-risk of about 0.9 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 506.75). Nearest demand OB 260.00 - 274.90, supply OB 473.71 - 490.40.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing above the pattern at 374.68.
- 2 The target, 405.08 (+8.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 340.56 (-9.1%), cancels the setup.
- 4 Reward : risk is 0.9 : 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).