PSX · ENGINEERING · 1 Hour
BECO Bull Pennant breakout
Beco Steel Limited · 05 Nov 2026 · 12:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 4.24 on the breakout. Target 4.69, invalidation 4.12.
Trade plan
✕ Invalidated- Close
- 4.24
- ▲ 0.71%
- Target
- 4.69
- +10.6%
- Invalidation
- 4.12
- -2.8%
RiskReward
- Reward : risk
- 3.8 : 1
- ATR
- 0.09
- Price now
- 4.25 +0.2%
- Resolved
- 06 Nov · 08:30
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
BECO broke above its bull pennant on the hourly close at 4.24.
Projected target 4.69 (+10.6%). The pattern is invalidated beyond 4.12 (-2.8%), a reward-to-risk of about 3.7 : 1.
Structure: bearish external, bullish internal (strong high 6.28). Nearest demand OB 3.80 - 3.88, supply OB 4.39 - 4.46.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 4.24.
- 2 The target, 4.69 (+10.6%), 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 3.8 : 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.