PSX · AUTOMOBILE ASSEMBLER · 30 Min
HCAR Bear Flag breakdown
Honda Atlas Cars (Pakistan) Limited · 03 Nov 2026 · 15:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 194.02 on the breakout. Target 184.43, invalidation 196.67.
Trade plan
● Active- Close
- 194.02
- ▼ 0.50%
- Target
- 184.43
- -4.9%
- Invalidation
- 196.67
- +1.4%
RiskReward
- Reward : risk
- 3.6 : 1
- ATR
- 1.34
- Price now
- 194.02 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
HCAR broke below its bear flag on the 30-minute close at 194.02.
Projected target 184.43 (-4.9%). The pattern is invalidated beyond 196.67 (+1.4%), a reward-to-risk of about 3.6 : 1.
Structure: bearish external, bearish internal (strong high 204.00). Nearest demand OB 178.56 - 179.90, supply OB 197.80 - 200.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 194.02.
- 2 The target, 184.43 (-4.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 196.67 (+1.4%), cancels the setup.
- 4 Reward : risk is 3.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the bear flag
A bear flag is a sharp fall (the pole) followed by a short, gently rising channel (the flag); a break below the flag usually resumes the fall.
- Confirmation
- A close below the flag's lower line.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the flag's upper line.