PSX · AUTOMOBILE PARTS & ACCESSORIES · 30 Min
EXIDE Bull Flag breakout
Exide Pakistan Limited · 06 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 420.00 on the breakout. Target 465.80, invalidation 404.02.
Trade plan
● Active- Close
- 420.00
- ▲ 2.66%
- Target
- 465.80
- +10.9%
- Invalidation
- 404.02
- -3.8%
RiskReward
- Reward : risk
- 2.9 : 1
- ATR
- 6.43
- Price now
- 419.98 0.0%
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
EXIDE broke above its bull flag on the 30-minute close at 420.00.
Projected target 465.80 (+10.9%). The pattern is invalidated beyond 404.02 (-3.8%), a reward-to-risk of about 2.9 : 1.
Structure: bullish external, bullish internal (strong low 358.50). Nearest demand OB 404.02 - 414.38, supply OB 539.00 - 541.99.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 420.00.
- 2 The target, 465.80 (+10.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 404.02 (-3.8%), cancels the setup.
- 4 Reward : risk is 2.9 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the bull flag
A bull flag is a sharp rise (the pole) followed by a short, gently falling channel (the flag); a break above the flag usually resumes the rise.
- Confirmation
- A close above the flag's upper line.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the flag's lower line.