PSX · PAPER, BOARD & PACKAGING · 30 Min
PPP Bull Pennant breakout
Pakistan Paper Products Limited · 05 Nov 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 121.90 on the breakout. Target 127.50, invalidation 118.00.
Trade plan
✕ Invalidated- Close
- 121.90
- ▲ 3.31%
- Target
- 127.50
- +4.6%
- Invalidation
- 118.00
- -3.2%
RiskReward
- Reward : risk
- 1.4 : 1
- ATR
- 1.62
- Price now
- 121.00 -0.7%
- 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
PPP broke above its bull pennant on the 30-minute close at 121.90.
Projected target 127.50 (+4.6%). The pattern is invalidated beyond 118.00 (-3.2%), a reward-to-risk of about 1.4 : 1.
Structure: bearish external, bullish internal (strong high 198.00). Nearest demand OB 112.90 - 113.50, supply OB 138.70 - 139.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 121.90.
- 2 The target, 127.50 (+4.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 118.00 (-3.2%), cancels the setup.
- 4 Reward : risk is 1.4 : 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.