PSX · POWER GENERATION & DISTRIBUTION · 1 Hour
KAPCO Bear Pennant breakdown
Kot Addu Power Company Limited · 02 Nov 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 24.02 on the breakout. Target 22.40, invalidation 24.44.
Trade plan
● Active- Close
- 24.02
- ▼ 0.74%
- Target
- 22.40
- -6.7%
- Invalidation
- 24.44
- +1.7%
RiskReward
- Reward : risk
- 3.9 : 1
- ATR
- 0.21
- Price now
- 24.00 -0.1%
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
KAPCO broke below its bear pennant on the hourly close at 24.02.
Projected target 22.40 (-6.7%). The pattern is invalidated beyond 24.44 (+1.7%), a reward-to-risk of about 3.9 : 1.
Structure: bearish external, bullish internal (strong high 26.98). Nearest supply OB 33.31 - 33.58.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 24.02.
- 2 The target, 22.40 (-6.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 24.44 (+1.7%), cancels the setup.
- 4 Reward : risk is 3.9 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the bear pennant
A bear pennant is a sharp fall followed by a small symmetrical triangle; a break below it usually continues the fall.
- Confirmation
- A close below the pennant.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the pennant.