PSX · FOOD & PERSONAL CARE PRODUCTS · 30 Min
UPFL Bull Pennant breakout
Unilever Pakistan Foods Limited · 22 Oct 2026 · 12:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 29,500.00 on the breakout. Target 32,292.50, invalidation 28,600.00.
Trade plan
● Active- Close
- 29,500.00
- ▲ 2.78%
- Target
- 32,292.50
- +9.5%
- Invalidation
- 28,600.00
- -3.1%
RiskReward
- Reward : risk
- 3.1 : 1
- ATR
- 518.30
- Price now
- 29,110.00 -1.3%
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
UPFL broke above its bull pennant on the 30-minute close at 29,500.00.
Projected target 32,292.50 (+9.5%). The pattern is invalidated beyond 28,600.00 (-3.1%), a reward-to-risk of about 3.1 : 1.
Structure: bullish external, bullish internal (strong low 22,504.66). Nearest bullish FVG 27,886.93 - 28,511.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 29,500.00.
- 2 The target, 32,292.50 (+9.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 28,600.00 (-3.1%), 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 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.