PSX · OIL & GAS EXPLORATION COMPANIES · 1 Hour
PPL Bull Pennant breakout
Pakistan Petroleum Limited · 10 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 220.35 on the breakout. Target 229.79, invalidation 217.51.
Trade plan
✓ Target hit- Close
- 220.35
- ▲ 1.00%
- Target
- 229.79
- +4.3%
- Invalidation
- 217.51
- -1.3%
RiskReward
- Reward : risk
- 3.3 : 1
- ATR
- 1.76
- Price now
- 228.49 +3.7%
- Resolved
- 10 Nov · 11:30
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
PPL broke above its bull pennant on the hourly close at 220.35.
Projected target 229.79 (+4.3%). The pattern is invalidated beyond 217.51 (-1.3%), a reward-to-risk of about 3.3 : 1.
Structure: bearish external, bearish internal (strong high 250.00). Nearest supply OB 228.03 - 231.45.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 220.35.
- 2 The target, 229.79 (+4.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 217.51 (-1.3%), cancels the setup.
- 4 Reward : risk is 3.3 : 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.