PSX · PAPER, BOARD & PACKAGING · Daily
CPPL Bear Flag breakdown
Cherat Packaging Limited · 22 Oct 2026
▼ Bearish Breakout Pattern breakout With the trend
Closed at 89.97 on the breakout. Target 74.98, invalidation 97.50.
Trade plan
- Close
- 89.97
- ▼ 1.87%
- Target
- 74.98
- -16.7%
- Invalidation
- 97.50
- +8.4%
RiskReward
- Reward : risk
- 2.0 : 1
- ATR
- 3.18
- 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 Daily candles · click to enlarge
The breakdown
CPPL broke below its bear flag on the daily close at 89.97.
Projected target 74.98 (-16.7%). The pattern is invalidated beyond 97.50 (+8.4%), a reward-to-risk of about 2.0 : 1.
Structure: bearish external, bearish internal (strong high 152.89). Nearest demand OB 65.00 - 68.99, supply OB 93.10 - 94.70.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 89.97.
- 2 The target, 74.98 (-16.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 97.50 (+8.4%), cancels the setup.
- 4 Reward : risk is 2.0 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the bear flag
A bear flag is a sharp fall (the pole) followed by a short, gently rising channel (the flag); a break below the flag usually resumes the fall.
- Confirmation
- A close below the flag's lower line.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the flag's upper line.