PSX · LEATHER & TANNERIES · 30 Min
SRVI Bull Pennant breakout
Service Industries Limited · 11 Nov 2026 · 15:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 173.85 on the breakout. Target 183.29, invalidation 172.00.
Trade plan
- Close
- 173.85
- ▲ 0.49%
- Target
- 183.29
- +5.4%
- Invalidation
- 172.00
- -1.1%
RiskReward
- Reward : risk
- 5.1 : 1
- ATR
- 1.46
- 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
SRVI broke above its bull pennant on the 30-minute close at 173.85.
Projected target 183.29 (+5.4%). The pattern is invalidated beyond 172.00 (-1.1%), a reward-to-risk of about 5.1 : 1.
Structure: bullish external, bullish internal (strong low 153.10). Nearest demand OB 165.10 - 168.00, supply OB 180.00 - 180.75.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 173.85.
- 2 The target, 183.29 (+5.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 172.00 (-1.1%), cancels the setup.
- 4 Reward : risk is 5.1 : 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.