PSX · AUTOMOBILE ASSEMBLER · 30 Min
HINO Bear Pennant breakdown
Hinopak Motors Limited · 27 Oct 2026 · 13:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 292.11 on the breakout. Target 255.43, invalidation 300.00.
Trade plan
● Active- Close
- 292.11
- ▼ 2.63%
- Target
- 255.43
- -12.6%
- Invalidation
- 300.00
- +2.7%
RiskReward
- Reward : risk
- 4.6 : 1
- ATR
- 4.99
- Price now
- 296.86 +1.6%
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
HINO broke below its bear pennant on the 30-minute close at 292.11.
Projected target 255.43 (-12.6%). The pattern is invalidated beyond 300.00 (+2.7%), a reward-to-risk of about 4.6 : 1.
Structure: bearish external, bearish internal (strong high 319.00). Nearest supply OB 293.20 - 300.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 292.11.
- 2 The target, 255.43 (-12.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 300.00 (+2.7%), cancels the setup.
- 4 Reward : risk is 4.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the bear pennant
A bear pennant is a sharp fall followed by a small symmetrical triangle; a break below it usually continues the fall.
- Confirmation
- A close below the pennant.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the pennant.