PSX · SYNTHETIC & RAYON · 1 Hour
NSRM Ascending Triangle breakdown
The National Silk & Rayon Mills Limited · 12 Nov 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 180.36 on the breakout. Target 169.87, invalidation 204.00.
Trade plan
● Active- Close
- 180.36
- ▼ 5.07%
- Target
- 169.87
- -5.8%
- Invalidation
- 204.00
- +13.1%
RiskReward
- Reward : risk
- 0.4 : 1
- ATR
- 7.03
- Price now
- 180.36 0.0%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
NSRM broke below its ascending triangle on the hourly close at 180.36.
Projected target 169.87 (-5.8%). The pattern is invalidated beyond 204.00 (+13.1%), a reward-to-risk of about 0.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 207.00). Nearest demand OB 145.51 - 159.60, supply OB 258.00 - 259.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 180.36.
- 2 The target, 169.87 (-5.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 204.00 (+13.1%), cancels the setup.
- 4 Reward : risk is 0.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the ascending triangle
An ascending triangle is rising support meeting flat resistance; a close above resistance usually continues the rise, a close below support signals weakness.
- 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.