PSX · GLASS & CERAMICS · 1 Hour
TGL Bull Pennant breakout
Tariq Glass Industries Limited · 03 Nov 2026 · 13:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 173.50 on the breakout. Target 193.02, invalidation 169.00.
Trade plan
● Active- Close
- 173.50
- ▲ 0.29%
- Target
- 193.02
- +11.3%
- Invalidation
- 169.00
- -2.6%
RiskReward
- Reward : risk
- 4.3 : 1
- ATR
- 2.17
- Price now
- 172.50 -0.6%
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
TGL broke above its bull pennant on the hourly close at 173.50.
Projected target 193.02 (+11.3%). The pattern is invalidated beyond 169.00 (-2.6%), a reward-to-risk of about 4.3 : 1.
Structure: bearish external, bullish internal (strong high 237.00). Nearest demand OB 154.00 - 155.40, supply OB 191.94 - 195.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 173.50.
- 2 The target, 193.02 (+11.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 169.00 (-2.6%), cancels the setup.
- 4 Reward : risk is 4.3 : 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.