PSX · AUTOMOBILE ASSEMBLER · 30 Min
SAZEW Bull Pennant breakout
Sazgar Engineering Works Limited · 28 Oct 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 1,457.00 on the breakout. Target 1,506.12, invalidation 1,420.00.
Trade plan
● Active- Close
- 1,457.00
- ▲ 1.32%
- Target
- 1,506.12
- +3.4%
- Invalidation
- 1,420.00
- -2.5%
RiskReward
- Reward : risk
- 1.3 : 1
- ATR
- 13.85
- Price now
- 1,458.00 +0.1%
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
SAZEW broke above its bull pennant on the 30-minute close at 1,457.00.
Projected target 1,506.12 (+3.4%). The pattern is invalidated beyond 1,420.00 (-2.5%), a reward-to-risk of about 1.3 : 1.
Structure: bearish external, bullish internal (strong high 1,533.00). Nearest demand OB 1,368.00 - 1,389.02, supply OB 1,491.01 - 1,499.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 1,457.00.
- 2 The target, 1,506.12 (+3.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 1,420.00 (-2.5%), cancels the setup.
- 4 Reward : risk is 1.3 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.