PSX · TECHNOLOGY & COMMUNICATION · 1 Hour
ITANZ Bull Flag breakout
Itanz Technologies Limited · 27 Oct 2026 · 11:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 37.50 on the breakout. Target 47.35, invalidation 35.50.
Trade plan
● Active- Close
- 37.50
- ▲ 3.45%
- Target
- 47.35
- +26.3%
- Invalidation
- 35.50
- -5.3%
RiskReward
- Reward : risk
- 4.9 : 1
- ATR
- 1.06
- Price now
- 36.84 -1.8%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
ITANZ broke above its bull flag on the hourly close at 37.50.
Projected target 47.35 (+26.3%). The pattern is invalidated beyond 35.50 (-5.3%), a reward-to-risk of about 4.9 : 1.
Structure: bullish external, bearish internal (strong low 27.60). Nearest demand OB 29.97 - 30.28, supply OB 37.45 - 38.55.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 37.50.
- 2 The target, 47.35 (+26.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 35.50 (-5.3%), cancels the setup.
- 4 Reward : risk is 4.9 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the bull flag
A bull flag is a sharp rise (the pole) followed by a short, gently falling channel (the flag); a break above the flag usually resumes the rise.
- Confirmation
- A close above the flag's upper line.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the flag's lower line.