PSX · REFINERY · 30 Min
CNERGY Bull Pennant breakout
Cnergyico PK Limited · 19 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 13.05 on the breakout. Target 13.88, invalidation 12.76.
Trade plan
● Active- Close
- 13.05
- ▲ 1.40%
- Target
- 13.88
- +6.4%
- Invalidation
- 12.76
- -2.2%
RiskReward
- Reward : risk
- 2.9 : 1
- ATR
- 0.13
- Price now
- 13.06 +0.1%
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
CNERGY broke above its bull pennant on the 30-minute close at 13.05.
Projected target 13.88 (+6.4%). The pattern is invalidated beyond 12.76 (-2.2%), a reward-to-risk of about 2.9 : 1.
Structure: bullish external, bullish internal (strong low 9.73). Nearest demand OB 12.20 - 12.35, supply OB 13.34 - 13.45.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 13.05.
- 2 The target, 13.88 (+6.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 12.76 (-2.2%), cancels the setup.
- 4 Reward : risk is 2.9 : 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.