PSX · MODARABAS · 30 Min
PIM Bull Pennant breakout
Popular Islamic Modaraba · 26 Oct 2026 · 15:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 139.99 on the breakout. Target 173.07, invalidation 128.50.
Trade plan
● Active- Close
- 139.99
- ▲ 3.77%
- Target
- 173.07
- +23.6%
- Invalidation
- 128.50
- -8.2%
RiskReward
- Reward : risk
- 2.9 : 1
- ATR
- 5.07
- Price now
- 139.99 0.0%
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
PIM broke above its bull pennant on the 30-minute close at 139.99.
Projected target 173.07 (+23.6%). The pattern is invalidated beyond 128.50 (-8.2%), a reward-to-risk of about 2.9 : 1.
Structure: bullish external, bullish internal (strong low 105.26). Nearest demand OB 85.80 - 87.86.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 139.99.
- 2 The target, 173.07 (+23.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 128.50 (-8.2%), 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.