PSX · INSURANCE · 1 Hour
IGIHL Bull Pennant breakout
IGI Holdings Limited · 10 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 235.00 on the breakout. Target 246.17, invalidation 231.05.
Trade plan
● Active- Close
- 235.00
- ▲ 0.43%
- Target
- 246.17
- +4.8%
- Invalidation
- 231.05
- -1.7%
RiskReward
- Reward : risk
- 2.8 : 1
- ATR
- 2.30
- Price now
- 237.99 +1.3%
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
IGIHL broke above its bull pennant on the hourly close at 235.00.
Projected target 246.17 (+4.8%). The pattern is invalidated beyond 231.05 (-1.7%), a reward-to-risk of about 2.8 : 1.
Structure: bearish external, bullish internal (strong high 290.00). Nearest demand OB 223.00 - 224.00, supply OB 244.00 - 245.99.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 235.00.
- 2 The target, 246.17 (+4.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 231.05 (-1.7%), cancels the setup.
- 4 Reward : risk is 2.8 : 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.