PSX · CABLE & ELECTRICAL GOODS · Daily
PAEL Bear Pennant breakdown
Pak Elektron Limited · 20 Oct 2026
▼ Bearish Breakout Pattern breakout With the trend
Closed at 33.01 on the breakout. Target 28.91, invalidation 34.51.
Trade plan
● Active- Close
- 33.01
- ▼ 1.81%
- Target
- 28.91
- -12.4%
- Invalidation
- 34.51
- +4.5%
RiskReward
- Reward : risk
- 2.7 : 1
- ATR
- 0.89
- Price now
- 33.01 0.0%
Outcome measured on the daily 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 Daily candles · click to enlarge
The breakdown
PAEL broke below its bear pennant on the daily close at 33.01.
Projected target 28.91 (-12.4%). The pattern is invalidated beyond 34.51 (+4.5%), a reward-to-risk of about 2.7 : 1.
Structure: bearish external, bearish internal (strong high 64.60). Nearest demand OB 23.70 - 25.70, supply OB 38.03 - 39.69.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 33.01.
- 2 The target, 28.91 (-12.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 34.51 (+4.5%), cancels the setup.
- 4 Reward : risk is 2.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.