PSX · PHARMACEUTICALS · 30 Min
HPL Ascending Triangle breakdown
Hoechst Pakistan Limited · 13 Nov 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 3,990.21 on the breakout. Target 3,905.36, invalidation 4,049.98.
Trade plan
● Active- Close
- 3,990.21
- ▲ 0.01%
- Target
- 3,905.36
- -2.1%
- Invalidation
- 4,049.98
- +1.5%
RiskReward
- Reward : risk
- 1.4 : 1
- ATR
- 24.72
- Price now
- 3,991.05 +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
HPL broke below its ascending triangle on the 30-minute close at 3,990.21.
Projected target 3,905.36 (-2.1%). The pattern is invalidated beyond 4,049.98 (+1.5%), a reward-to-risk of about 1.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 3,602.00). Nearest supply OB 4,512.91 - 4,650.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 3,990.21.
- 2 The target, 3,905.36 (-2.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 4,049.98 (+1.5%), cancels the setup.
- 4 Reward : risk is 1.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.