PSX · MODARABAS · 30 Min
PIM Bull Pennant breakout
Popular Islamic Modaraba · 13 Nov 2026 · 15:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 164.64 on the breakout. Target 193.04, invalidation 158.01.
Trade plan
● Active- Close
- 164.64
- ▲ 1.32%
- Target
- 193.04
- +17.2%
- Invalidation
- 158.01
- -4.0%
RiskReward
- Reward : risk
- 4.3 : 1
- ATR
- 5.14
- Price now
- 160.80 -2.3%
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
PIM broke above its bull pennant on the 30-minute close at 164.64.
Projected target 193.04 (+17.2%). The pattern is invalidated beyond 158.01 (-4.0%), a reward-to-risk of about 4.3 : 1.
Structure: bullish external, bearish internal (strong low 98.20). Nearest demand OB 119.58 - 128.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 164.64.
- 2 The target, 193.04 (+17.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 158.01 (-4.0%), 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.