PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 30 Min
ICIBL Bull Pennant breakout
Invest Capital Investment Bank Limited · 02 Nov 2026 · 12:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 16.98 on the breakout. Target 18.02, invalidation 16.52.
Trade plan
✕ Invalidated- Close
- 16.98
- ▲ 1.56%
- Target
- 18.02
- +6.1%
- Invalidation
- 16.52
- -2.7%
RiskReward
- Reward : risk
- 2.3 : 1
- ATR
- 0.27
- Price now
- 15.50 -8.7%
- Resolved
- 02 Nov · 13:00
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
ICIBL broke above its bull pennant on the 30-minute close at 16.98.
Projected target 18.02 (+6.1%). The pattern is invalidated beyond 16.52 (-2.7%), a reward-to-risk of about 2.3 : 1.
Structure: bearish external, bearish internal (strong high 17.90). Nearest supply OB 19.62 - 20.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 16.98.
- 2 The target, 18.02 (+6.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 16.52 (-2.7%), cancels the setup.
- 4 Reward : risk is 2.3 : 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.