PSX · TEXTILE COMPOSITE · 1 Hour
NCL Bear Pennant breakdown
Nishat Chunian Limited · 20 Oct 2026 · 14:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 34.50 on the breakout. Target 30.86, invalidation 35.69.
Trade plan
● Active- Close
- 34.50
- ▼ 1.29%
- Target
- 30.86
- -10.6%
- Invalidation
- 35.69
- +3.4%
RiskReward
- Reward : risk
- 3.1 : 1
- ATR
- 0.40
- Price now
- 34.95 +1.3%
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
NCL broke below its bear pennant on the hourly close at 34.50.
Projected target 30.86 (-10.6%). The pattern is invalidated beyond 35.69 (+3.4%), a reward-to-risk of about 3.1 : 1.
Structure: bullish external, bearish internal (strong low 31.18). Nearest supply OB 38.00 - 38.65.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 34.50.
- 2 The target, 30.86 (-10.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 35.69 (+3.4%), cancels the setup.
- 4 Reward : risk is 3.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the bear pennant
A bear pennant is a sharp fall followed by a small symmetrical triangle; a break below it usually continues the fall.
- Confirmation
- A close below the pennant.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the pennant.