PSX · TEXTILE SPINNING · 30 Min
TATM Bear Pennant breakdown
Tata Textile Mills Limited · 06 Nov 2026 · 15:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 141.00 on the breakout. Target 133.43, invalidation 143.50.
Trade plan
✕ Invalidated- Close
- 141.00
- ▼ 1.40%
- Target
- 133.43
- -5.4%
- Invalidation
- 143.50
- +1.8%
RiskReward
- Reward : risk
- 3.0 : 1
- ATR
- 1.58
- Price now
- 142.00 +0.7%
- Resolved
- 10 Nov · 09:30
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
TATM broke below its bear pennant on the 30-minute close at 141.00.
Projected target 133.43 (-5.4%). The pattern is invalidated beyond 143.50 (+1.8%), a reward-to-risk of about 3.0 : 1.
Structure: bullish external, bearish internal (strong low 125.00). Nearest demand OB 113.99 - 119.01, supply OB 157.10 - 160.97.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 141.00.
- 2 The target, 133.43 (-5.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 143.50 (+1.8%), cancels the setup.
- 4 Reward : risk is 3.0 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the bear pennant
A bear pennant is a sharp fall followed by a small symmetrical triangle; a break below it usually continues the fall.
- Confirmation
- A close below the pennant.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the pennant.