PSX · OIL & GAS EXPLORATION COMPANIES · 30 Min
PPL Bull Pennant breakout
Pakistan Petroleum Limited · 05 Nov 2026 · 13:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 221.30 on the breakout. Target 227.09, invalidation 219.50.
Trade plan
✕ Invalidated- Close
- 221.30
- ▲ 0.28%
- Target
- 227.09
- +2.6%
- Invalidation
- 219.50
- -0.8%
RiskReward
- Reward : risk
- 3.2 : 1
- ATR
- 1.08
- Price now
- 228.49 +3.3%
- 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
PPL broke above its bull pennant on the 30-minute close at 221.30.
Projected target 227.09 (+2.6%). The pattern is invalidated beyond 219.50 (-0.8%), a reward-to-risk of about 3.2 : 1.
Structure: bearish external, bullish internal (strong high 250.00). Nearest demand OB 216.86 - 217.24, supply OB 221.70 - 223.29.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 221.30.
- 2 The target, 227.09 (+2.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 219.50 (-0.8%), cancels the setup.
- 4 Reward : risk is 3.2 : 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.