PSX · REFINERY · 1 Hour
CNERGY Bull Flag breakout
Cnergyico PK Limited · 29 Oct 2026 · 11:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 12.99 on the breakout. Target 13.71, invalidation 12.76.
Trade plan
✓ Target hit- Close
- 12.99
- ▲ 1.09%
- Target
- 13.71
- +5.5%
- Invalidation
- 12.76
- -1.8%
RiskReward
- Reward : risk
- 3.1 : 1
- ATR
- 0.17
- Price now
- 14.14 +8.9%
- Resolved
- 29 Oct · 13:30
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
CNERGY broke above its bull flag on the hourly close at 12.99.
Projected target 13.71 (+5.5%). The pattern is invalidated beyond 12.76 (-1.8%), a reward-to-risk of about 3.1 : 1.
Structure: bullish external, bearish internal (strong low 9.73). Nearest demand OB 11.41 - 11.50, supply OB 13.69 - 14.33.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 12.99.
- 2 The target, 13.71 (+5.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 12.76 (-1.8%), cancels the setup.
- 4 Reward : risk is 3.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the bull flag
A bull flag is a sharp rise (the pole) followed by a short, gently falling channel (the flag); a break above the flag usually resumes the rise.
- Confirmation
- A close above the flag's upper line.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the flag's lower line.