PSX · ENGINEERING · 30 Min
BECO Bull Pennant breakout
Beco Steel Limited · 05 Nov 2026 · 13:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 4.24 on the breakout. Target 4.66, invalidation 4.12.
Trade plan
✕ Invalidated- Close
- 4.24
- ▲ 0.47%
- Target
- 4.66
- +9.9%
- Invalidation
- 4.12
- -2.8%
RiskReward
- Reward : risk
- 3.5 : 1
- ATR
- 0.07
- Price now
- 4.25 +0.2%
- Resolved
- 06 Nov · 09:00
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
BECO broke above its bull pennant on the 30-minute close at 4.24.
Projected target 4.66 (+9.9%). The pattern is invalidated beyond 4.12 (-2.8%), a reward-to-risk of about 3.5 : 1.
Structure: bearish external, bullish internal (strong high 4.37). Nearest demand OB 3.82 - 3.92, supply OB 4.39 - 4.46.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 4.24.
- 2 The target, 4.66 (+9.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 4.12 (-2.8%), cancels the setup.
- 4 Reward : risk is 3.5 : 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.