PSX · MISCELLANEOUS · 1 Hour
DIIL Bear Pennant breakdown
Diamond Industries Limited · 05 Nov 2026 · 13:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 75.00 on the breakout. Target 57.07, invalidation 79.88.
Trade plan
● Active- Close
- 75.00
- ▼ 1.45%
- Target
- 57.07
- -23.9%
- Invalidation
- 79.88
- +6.5%
RiskReward
- Reward : risk
- 3.7 : 1
- ATR
- 2.59
- Price now
- 74.50 -0.7%
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
DIIL broke below its bear pennant on the hourly close at 75.00.
Projected target 57.07 (-23.9%). The pattern is invalidated beyond 79.88 (+6.5%), a reward-to-risk of about 3.7 : 1.
Structure: bullish external, bearish internal (strong low 60.00). Nearest demand OB 62.00 - 66.96.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 75.00.
- 2 The target, 57.07 (-23.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 79.88 (+6.5%), cancels the setup.
- 4 Reward : risk is 3.7 : 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.