PSX · MODARABAS · 30 Min
SINDM Bull Pennant breakout
Sindh Modaraba · 05 Nov 2026 · 12:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 73.24 on the breakout. Target 84.99, invalidation 70.00.
Trade plan
✕ Invalidated- Close
- 73.24
- ▲ 2.29%
- Target
- 84.99
- +16.0%
- Invalidation
- 70.00
- -4.4%
RiskReward
- Reward : risk
- 3.6 : 1
- ATR
- 1.85
- Price now
- 63.30 -13.6%
- 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
SINDM broke above its bull pennant on the 30-minute close at 73.24.
Projected target 84.99 (+16.0%). The pattern is invalidated beyond 70.00 (-4.4%), a reward-to-risk of about 3.6 : 1.
Structure: bullish external, bearish internal (strong low 49.03). Nearest demand OB 35.13 - 35.50, supply OB 77.73 - 80.18.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 73.24.
- 2 The target, 84.99 (+16.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 70.00 (-4.4%), cancels the setup.
- 4 Reward : risk is 3.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.