PSX · TECHNOLOGY & COMMUNICATION · 1 Hour
TPL Bull Pennant breakout
TPL Corp Limited · 10 Nov 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 25.79 on the breakout. Target 28.73, invalidation 25.10.
Trade plan
● Active- Close
- 25.79
- ▲ 0.78%
- Target
- 28.73
- +11.4%
- Invalidation
- 25.10
- -2.7%
RiskReward
- Reward : risk
- 4.3 : 1
- ATR
- 0.50
- Price now
- 25.79 0.0%
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
TPL broke above its bull pennant on the hourly close at 25.79.
Projected target 28.73 (+11.4%). The pattern is invalidated beyond 25.10 (-2.7%), a reward-to-risk of about 4.3 : 1.
Structure: bullish external, bearish internal (strong low 19.30). Nearest demand OB 21.11 - 21.30.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 25.79.
- 2 The target, 28.73 (+11.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 25.10 (-2.7%), cancels the setup.
- 4 Reward : risk is 4.3 : 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.