PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
HRPL Bear Flag breakdown
Habib Rice Product Limited. · 23 Oct 2026 · 14:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 18.00 on the breakout. Target 16.36, invalidation 18.80.
Trade plan
● Active- Close
- 18.00
- ▼ 4.26%
- Target
- 16.36
- -9.1%
- Invalidation
- 18.80
- +4.4%
RiskReward
- Reward : risk
- 2.1 : 1
- ATR
- 0.33
- Price now
- 17.61 -2.2%
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
HRPL broke below its bear flag on the 30-minute close at 18.00.
Projected target 16.36 (-9.1%). The pattern is invalidated beyond 18.80 (+4.4%), a reward-to-risk of about 2.0 : 1.
Structure: bearish external, bearish internal (strong high 21.20). Nearest supply OB 18.70 - 18.80.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 18.00.
- 2 The target, 16.36 (-9.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 18.80 (+4.4%), cancels the setup.
- 4 Reward : risk is 2.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the bear flag
A bear flag is a sharp fall (the pole) followed by a short, gently rising channel (the flag); a break below the flag usually resumes the fall.
- Confirmation
- A close below the flag's lower line.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the flag's upper line.