PSX · FOOD & PERSONAL CARE PRODUCTS · 30 Min
BBFL Bull Pennant breakout
Big Bird Foods Limited · 10 Nov 2026 · 10:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 37.98 on the breakout. Target 40.34, invalidation 37.12.
Trade plan
● Active- Close
- 37.98
- ▲ 1.06%
- Target
- 40.34
- +6.2%
- Invalidation
- 37.12
- -2.3%
RiskReward
- Reward : risk
- 2.7 : 1
- ATR
- 0.37
- Price now
- 38.20 +0.6%
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
BBFL broke above its bull pennant on the 30-minute close at 37.98.
Projected target 40.34 (+6.2%). The pattern is invalidated beyond 37.12 (-2.3%), a reward-to-risk of about 2.7 : 1.
Structure: bearish external, bullish internal (strong high 41.99). Nearest demand OB 36.80 - 36.82, supply OB 41.50 - 41.78.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 37.98.
- 2 The target, 40.34 (+6.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 37.12 (-2.3%), cancels the setup.
- 4 Reward : risk is 2.7 : 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.