PSX · VANASPATI & ALLIED INDUSTRIES · 30 Min
SSOM Bull Pennant breakout
S.S.Oil Mills Limited · 11 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 444.00 on the breakout. Target 471.79, invalidation 436.00.
Trade plan
- Close
- 444.00
- ▲ 1.14%
- Target
- 471.79
- +6.3%
- Invalidation
- 436.00
- -1.8%
RiskReward
- Reward : risk
- 3.5 : 1
- ATR
- 4.75
- 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
SSOM broke above its bull pennant on the 30-minute close at 444.00.
Projected target 471.79 (+6.3%). The pattern is invalidated beyond 436.00 (-1.8%), a reward-to-risk of about 3.5 : 1.
Structure: bearish external, bullish internal (strong high 566.00). Nearest demand OB 404.10 - 412.32, supply OB 470.00 - 481.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 444.00.
- 2 The target, 471.79 (+6.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 436.00 (-1.8%), cancels the setup.
- 4 Reward : risk is 3.5 : 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.