PSX · COMMERCIAL BANKS · 1 Hour
HBL Rising Wedge breakdown
Habib Bank Limited · 12 Nov 2026 · 14:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 311.00 on the breakout. Target 305.86, invalidation 318.99.
Trade plan
● Active- Close
- 311.00
- ▼ 0.32%
- Target
- 305.86
- -1.7%
- Invalidation
- 318.99
- +2.6%
RiskReward
- Reward : risk
- 0.6 : 1
- ATR
- 2.90
- Price now
- 311.00 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
HBL broke below its rising wedge on the hourly close at 311.00.
Projected target 305.86 (-1.7%). The pattern is invalidated beyond 318.99 (+2.6%), a reward-to-risk of about 0.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 280.05). Nearest demand OB 299.01 - 301.25, supply OB 326.11 - 328.25.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 311.00.
- 2 The target, 305.86 (-1.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 318.99 (+2.6%), cancels the setup.
- 4 Reward : risk is 0.6 : 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.