PSX · CHEMICAL · 1 Hour
LCI Bull Pennant breakout
Lucky Core Industries Limited · 05 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 184.95 on the breakout. Target 189.80, invalidation 180.00.
Trade plan
✓ Target hit- Close
- 184.95
- ▲ 1.62%
- Target
- 189.80
- +2.6%
- Invalidation
- 180.00
- -2.7%
RiskReward
- Reward : risk
- 1.0 : 1
- ATR
- 1.84
- Price now
- 187.50 +1.4%
- Resolved
- 10 Nov · 09:30
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
LCI broke above its bull pennant on the hourly close at 184.95.
Projected target 189.80 (+2.6%). The pattern is invalidated beyond 180.00 (-2.7%), a reward-to-risk of about 1.0 : 1.
Structure: bearish external, bearish internal (strong high 206.00). Nearest supply OB 189.76 - 190.29.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 184.95.
- 2 The target, 189.80 (+2.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 180.00 (-2.7%), cancels the setup.
- 4 Reward : risk is 1.0 : 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.