PSX · AUTOMOBILE PARTS & ACCESSORIES · 30 Min
TBL Bull Pennant breakout
Treet Battery Limited. · 29 Oct 2026 · 13:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 9.60 on the breakout. Target 10.43, invalidation 9.40.
Trade plan
✕ Invalidated- Close
- 9.60
- ▲ 1.91%
- Target
- 10.43
- +8.6%
- Invalidation
- 9.40
- -2.1%
RiskReward
- Reward : risk
- 4.2 : 1
- ATR
- 0.15
- Price now
- 9.13 -4.9%
- 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
TBL broke above its bull pennant on the 30-minute close at 9.60.
Projected target 10.43 (+8.6%). The pattern is invalidated beyond 9.40 (-2.1%), a reward-to-risk of about 4.2 : 1.
Structure: bullish external, bullish internal (strong low 8.50). Nearest demand OB 8.63 - 8.74, supply OB 10.75 - 10.82.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 9.60.
- 2 The target, 10.43 (+8.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 9.40 (-2.1%), cancels the setup.
- 4 Reward : risk is 4.2 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the bull pennant
A bull pennant is a sharp rise followed by a small symmetrical triangle; a break above it usually continues the rise.
- Confirmation
- A close above the pennant.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the pennant.