PSX · INSURANCE · 30 Min
IGIHL Rising Wedge breakout
IGI Holdings Limited · 12 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 241.00 on the breakout. Target 242.62, invalidation 234.00.
Trade plan
● Active- Close
- 241.00
- ▲ 1.27%
- Target
- 242.62
- +0.7%
- Invalidation
- 234.00
- -2.9%
RiskReward
- Reward : risk
- 0.2 : 1
- ATR
- 1.76
- Price now
- 241.00 0.0%
Outcome measured on the 30 min bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- 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
IGIHL broke above its rising wedge on the 30-minute close at 241.00.
Projected target 242.62 (+0.7%). The pattern is invalidated beyond 234.00 (-2.9%), a reward-to-risk of about 0.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 324.24). Nearest demand OB 201.50 - 204.00, supply OB 244.00 - 245.99.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 241.00.
- 2 The target, 242.62 (+0.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 234.00 (-2.9%), cancels the setup.
- 4 Reward : risk is 0.2 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the rising wedge
A rising wedge is two upward-sloping lines that converge; the buying loses momentum and a break below the lower line is usually bearish.
- Confirmation
- A close below the lower wedge line.
- Target
- The wedge's widest height, projected down from the breakout.
- Fails if
- A close back above the lower line or above the wedge's last high.