PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
TSML Descending Triangle breakdown
Tandlianwala Sugar Mills Limited · 13 Nov 2026 · 15:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 392.81 on the breakout. Target 375.68, invalidation 456.00.
Trade plan
● Active- Close
- 392.81
- ▼ 12.51%
- Target
- 375.68
- -4.4%
- Invalidation
- 456.00
- +16.1%
RiskReward
- Reward : risk
- 0.3 : 1
- ATR
- 8.32
- Price now
- 435.01 +10.7%
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
TSML broke below its descending triangle on the 30-minute close at 392.81.
Projected target 375.68 (-4.4%). The pattern is invalidated beyond 456.00 (+16.1%), a reward-to-risk of about 0.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 510.00). Nearest demand OB 220.10 - 259.59, supply OB 470.00 - 509.99.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 392.81.
- 2 The target, 375.68 (-4.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 456.00 (+16.1%), cancels the setup.
- 4 Reward : risk is 0.3 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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).