PSX · OIL & GAS MARKETING COMPANIES · 1 Hour
BPL Bull Pennant breakout
Burshane LPG (Pakistan) Limited · 12 Nov 2026 · 13:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 90.76 on the breakout. Target 113.89, invalidation 82.03.
Trade plan
● Active- Close
- 90.76
- ▲ 6.40%
- Target
- 113.89
- +25.5%
- Invalidation
- 82.03
- -9.6%
RiskReward
- Reward : risk
- 2.6 : 1
- ATR
- 3.09
- Price now
- 90.76 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
BPL broke above its bull pennant on the hourly close at 90.76.
Projected target 113.89 (+25.5%). The pattern is invalidated beyond 82.03 (-9.6%), a reward-to-risk of about 2.6 : 1.
Structure: bullish external, bullish internal (strong low 41.00). Nearest demand OB 60.12 - 62.90.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 90.76.
- 2 The target, 113.89 (+25.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 82.03 (-9.6%), cancels the setup.
- 4 Reward : risk is 2.6 : 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.