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Pattern guide · Either direction

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.

Breakout record on PSX · last 90 days

75%

9 of 12 resolved breakouts reached their target before invalidation.

9
Target
3
Invalid.
4
Expired
39
Active

Measured on the bars after each breakout: target or invalidation, whichever is touched first. Past outcomes do not predict future ones.

How the descending triangle works

Sellers push each rally lower while buyers defend the same support level. The squeeze ends when one side gives way.

It is more often a bearish continuation pattern, but breakouts above the falling trendline, especially with the larger trend, are common on PSX stocks.

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).

Latest descending triangle signals

EXIDE chart 1 Hour Breakout
EXIDE ▼ Bearish

Descending Triangle breakdown

EXIDE broke below its descending triangle on the hourly close at 382.99.

Close
382.99
Target
388.71
+1.5%
Stop
419.90
+9.6%
✓ Target hit R:R 0.2

15 Oct 2026 · 12:30 PKT Chart pattern

OCTOPUS chart 30 Min Breakout
OCTOPUS ▲ Bullish

Descending Triangle breakout

OCTOPUS broke above its descending triangle on the 30-minute close at 27.97.

Close
27.97
Target
28.74
+2.8%
Stop
27.10
-3.1%
✕ Invalidated R:R 0.9

15 Oct 2026 · 12:30 PKT Chart pattern

NPL chart 30 Min Breakout
NPL ▲ Bullish

Descending Triangle breakout

NPL broke above its descending triangle on the 30-minute close at 53.05.

Close
53.05
Target
56.85
+7.2%
Stop
51.50
-2.9%
● Active R:R 2.5

15 Oct 2026 · 12:00 PKT Chart pattern

ICL chart 30 Min Breakout
ICL ▲ Bullish

Descending Triangle breakout

ICL broke above its descending triangle on the 30-minute close at 130.99.

Close
130.99
Target
132.79
+1.4%
Stop
126.00
-3.8%
● Active R:R 0.4

15 Oct 2026 · 11:30 PKT Chart pattern

CJPL chart 30 Min Breakout
CJPL ▲ Bullish

Descending Triangle breakout

CJPL broke above its descending triangle on the 30-minute close at 15.49.

Close
15.49
Target
16.76
+8.2%
Stop
14.22
-8.2%
● Active R:R 1.0

15 Oct 2026 · 11:00 PKT Chart pattern

ESBL chart 1 Hour Breakout
ESBL ▲ Bullish

Descending Triangle breakout

ESBL broke above its descending triangle on the hourly close at 10.98.

Close
10.98
Target
11.62
+5.8%
Stop
9.91
-9.7%
✓ Target hit R:R 0.6

15 Oct 2026 · 10:30 PKT Chart pattern

CTM chart 1 Hour Breakout
CTM ▲ Bullish

Descending Triangle breakout

CTM broke above its descending triangle on the hourly close at 6.71.

Close
6.71
Target
7.64
+13.9%
Stop
6.36
-5.2%
● Active R:R 2.7

15 Oct 2026 · 10:30 PKT Chart pattern

HPL chart 30 Min Breakout
HPL ▲ Bullish

Descending Triangle breakout

HPL broke above its descending triangle on the 30-minute close at 4,040.00.

Close
4,040.00
Target
4,074.53
+0.9%
Stop
3,945.01
-2.4%
✓ Target hit R:R 0.4

15 Oct 2026 · 10:30 PKT Chart pattern

HINOON chart 30 Min Forming
HINOON ▼ Bearish

Descending Triangle forming

HINOON is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 9.3x ATR wide at the start.

Close
925.00
Above
933.19
+0.9%
Below
910.43
-1.6%
Awaiting breakout

15 Oct 2026 · 10:30 PKT Chart pattern

CJPL chart 30 Min Forming
CJPL ▼ Bearish

Descending Triangle forming

CJPL is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 10.0x ATR wide at the start.

Close
15.10
Above
15.17
+0.5%
Below
14.12
-6.5%
Awaiting breakout

15 Oct 2026 · 10:30 PKT Chart pattern

OCTOPUS chart 30 Min Forming
OCTOPUS ▼ Bearish

Descending Triangle forming

OCTOPUS is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 6.6x ATR wide at the start.

Close
27.59
Above
27.76
+0.6%
Below
27.12
-1.7%
Awaiting breakout

15 Oct 2026 · 10:00 PKT Chart pattern

HPL chart 30 Min Breakout
HPL ▲ Bullish

Descending Triangle breakout

HPL broke above its descending triangle on the 30-minute close at 4,070.00.

Close
4,070.00
Target
4,073.41
+0.1%
Stop
3,945.01
-3.1%
✓ Target hit R:R 0.0

15 Oct 2026 · 09:30 PKT Chart pattern

HPL chart 30 Min Breakout
HPL ▲ Bullish

Descending Triangle breakout

HPL broke above its descending triangle on the 30-minute close at 4,070.00.

Close
4,070.00
Target
4,140.37
+1.7%
Stop
3,922.30
-3.6%
✓ Target hit R:R 0.5

15 Oct 2026 · 09:30 PKT Chart pattern

QUICE chart 30 Min Breakout
QUICE ▲ Bullish

Descending Triangle breakout

QUICE broke above its descending triangle on the 30-minute close at 27.20.

Close
27.20
Target
30.48
+12.1%
Stop
26.25
-3.5%
● Active R:R 3.5

14 Oct 2026 · 15:00 PKT Chart pattern

ILP chart 30 Min Breakout
ILP ▲ Bullish

Descending Triangle breakout

ILP broke above its descending triangle on the 30-minute close at 95.50.

Close
95.50
Target
97.78
+2.4%
Stop
93.16
-2.5%
✓ Target hit R:R 1.0

14 Oct 2026 · 15:00 PKT Chart pattern

GCIL chart 30 Min Breakout
GCIL ▲ Bullish

Descending Triangle breakout

GCIL broke above its descending triangle on the 30-minute close at 31.32.

Close
31.32
Target
33.19
+6.0%
Stop
30.00
-4.2%
✓ Target hit R:R 1.4

14 Oct 2026 · 15:00 PKT Chart pattern

GCIL chart 1 Hour Breakout
GCIL ▲ Bullish

Descending Triangle breakout

GCIL broke above its descending triangle on the hourly close at 31.32.

Close
31.32
Target
33.19
+6.0%
Stop
30.00
-4.2%
✓ Target hit R:R 1.4

14 Oct 2026 · 14:30 PKT Chart pattern

CNERGY chart 1 Hour Breakout
CNERGY ▲ Bullish

Descending Triangle breakout

CNERGY broke above its descending triangle on the hourly close at 12.64.

Close
12.64
Target
14.72
+16.5%
Stop
12.16
-3.8%
● Active R:R 4.3

14 Oct 2026 · 14:30 PKT Chart pattern

GCIL chart 30 Min Forming
GCIL ▼ Bearish

Descending Triangle forming

GCIL is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 12.1x ATR wide at the start.

Close
31.15
Above
31.14
0.0%
Below
29.96
-3.8%
Awaiting breakout

14 Oct 2026 · 14:30 PKT Chart pattern

WAFI chart 30 Min Breakout
WAFI ▲ Bullish

Descending Triangle breakout

WAFI broke above its descending triangle on the 30-minute close at 154.50.

Close
154.50
Target
161.25
+4.4%
Stop
151.00
-2.3%
● Active R:R 1.9

14 Oct 2026 · 14:00 PKT Chart pattern

SIEM chart 30 Min Forming
SIEM ▼ Bearish

Descending Triangle forming

SIEM is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 6.8x ATR wide at the start.

Close
1,575.00
Above
1,639.04
+4.1%
Below
1,575.36
+0.0%
Awaiting breakout

14 Oct 2026 · 14:00 PKT Chart pattern

PMRS chart 1 Hour Breakout
PMRS ▲ Bullish

Descending Triangle breakout

PMRS broke above its descending triangle on the hourly close at 372.00.

Close
372.00
Target
412.62
+10.9%
Stop
341.01
-8.3%
● Active R:R 1.3

14 Oct 2026 · 13:30 PKT Chart pattern

EFERT chart 30 Min Breakout
EFERT ▲ Bullish

Descending Triangle breakout

EFERT broke above its descending triangle on the 30-minute close at 191.49.

Close
191.49
Target
199.71
+4.3%
Stop
190.00
-0.8%
● Active R:R 5.5

14 Oct 2026 · 13:30 PKT Chart pattern

SSML chart 1 Hour Breakout
SSML ▲ Bullish

Descending Triangle breakout

SSML broke above its descending triangle on the hourly close at 18.50.

Close
18.50
Target
20.32
+9.8%
Stop
17.05
-7.8%
● Active R:R 1.3

14 Oct 2026 · 11:30 PKT Chart pattern

Technical analysis for education only — not investment advice. Patterns can fail; manage your own risk.

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