PSX · MISCELLANEOUS · 30 Min
DIIL Bear Pennant breakdown
Diamond Industries Limited · 03 Nov 2026 · 12:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 76.00 on the breakout. Target 61.34, invalidation 80.99.
Trade plan
● Active- Close
- 76.00
- ▼ 2.56%
- Target
- 61.34
- -19.3%
- Invalidation
- 80.99
- +6.6%
RiskReward
- Reward : risk
- 2.9 : 1
- ATR
- 2.39
- Price now
- 78.00 +2.6%
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
DIIL broke below its bear pennant on the 30-minute close at 76.00.
Projected target 61.34 (-19.3%). The pattern is invalidated beyond 80.99 (+6.6%), a reward-to-risk of about 2.9 : 1.
Structure: bullish external, bullish internal (strong low 60.00). Nearest demand OB 62.00 - 66.96.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 76.00.
- 2 The target, 61.34 (-19.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 80.99 (+6.6%), cancels the setup.
- 4 Reward : risk is 2.9 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.