PSX · CHEMICAL · 1 Hour
GGL Bull Pennant breakout
Ghani Global Holdings Limited · 10 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 19.90 on the breakout. Target 22.67, invalidation 19.12.
Trade plan
● Active- Close
- 19.90
- ▲ 1.27%
- Target
- 22.67
- +13.9%
- Invalidation
- 19.12
- -3.9%
RiskReward
- Reward : risk
- 3.6 : 1
- ATR
- 0.42
- Price now
- 19.56 -1.7%
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
GGL broke above its bull pennant on the hourly close at 19.90.
Projected target 22.67 (+13.9%). The pattern is invalidated beyond 19.12 (-3.9%), a reward-to-risk of about 3.6 : 1.
Structure: bearish external, bullish internal (strong high 20.19). Nearest demand OB 18.25 - 18.45, supply OB 20.36 - 20.60.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 19.90.
- 2 The target, 22.67 (+13.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 19.12 (-3.9%), cancels the setup.
- 4 Reward : risk is 3.6 : 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.