PSX · AUTOMOBILE ASSEMBLER · 30 Min
GAL Bull Pennant breakout
Ghandhara Automobiles Limited · 12 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 581.00 on the breakout. Target 611.62, invalidation 570.00.
Trade plan
● Active- Close
- 581.00
- ▲ 1.24%
- Target
- 611.62
- +5.3%
- Invalidation
- 570.00
- -1.9%
RiskReward
- Reward : risk
- 2.8 : 1
- ATR
- 4.73
- Price now
- 581.00 0.0%
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
GAL broke above its bull pennant on the 30-minute close at 581.00.
Projected target 611.62 (+5.3%). The pattern is invalidated beyond 570.00 (-1.9%), a reward-to-risk of about 2.8 : 1.
Structure: bullish external, bullish internal (strong low 487.13). Nearest demand OB 521.00 - 523.60, supply OB 619.00 - 623.11.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 581.00.
- 2 The target, 611.62 (+5.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 570.00 (-1.9%), cancels the setup.
- 4 Reward : risk is 2.8 : 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.