PSX · TEXTILE SPINNING · 30 Min
TATM Bull Flag breakout
Tata Textile Mills Limited · 29 Oct 2026 · 14:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 148.11 on the breakout. Target 156.83, invalidation 143.10.
Trade plan
✕ Invalidated- Close
- 148.11
- ▲ 1.03%
- Target
- 156.83
- +5.9%
- Invalidation
- 143.10
- -3.4%
RiskReward
- Reward : risk
- 1.7 : 1
- ATR
- 2.38
- Price now
- 144.10 -2.7%
- Resolved
- 29 Oct · 15:00
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
TATM broke above its bull flag on the 30-minute close at 148.11.
Projected target 156.83 (+5.9%). The pattern is invalidated beyond 143.10 (-3.4%), a reward-to-risk of about 1.7 : 1.
Structure: bullish external, bullish internal (strong low 125.00). Nearest demand OB 143.50 - 144.60, supply OB 157.10 - 160.97.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 148.11.
- 2 The target, 156.83 (+5.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 143.10 (-3.4%), cancels the setup.
- 4 Reward : risk is 1.7 : 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.