PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
TICL Bull Pennant breakout
The Thal Industries Corporation Limited · 06 Nov 2026 · 11:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 879.98 on the breakout. Target 964.72, invalidation 861.00.
Trade plan
✕ Invalidated- Close
- 879.98
- ▲ 2.20%
- Target
- 964.72
- +9.6%
- Invalidation
- 861.00
- -2.2%
RiskReward
- Reward : risk
- 4.5 : 1
- ATR
- 13.05
- Price now
- 933.00 +6.0%
- Resolved
- 06 Nov · 11:30
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
TICL broke above its bull pennant on the 30-minute close at 879.98.
Projected target 964.72 (+9.6%). The pattern is invalidated beyond 861.00 (-2.2%), a reward-to-risk of about 4.5 : 1.
Structure: bullish external, bullish internal (strong low 740.00). Nearest demand OB 809.00 - 809.01, supply OB 1,017.00 - 1,017.88.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 879.98.
- 2 The target, 964.72 (+9.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 861.00 (-2.2%), cancels the setup.
- 4 Reward : risk is 4.5 : 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.