PSX · TEXTILE SPINNING · 30 Min
ASTM Bull Pennant breakout
Asim Textile Mills Limited · 11 Nov 2026 · 13:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 60.65 on the breakout. Target 67.55, invalidation 57.52.
Trade plan
● Active- Close
- 60.65
- ▲ 4.30%
- Target
- 67.55
- +11.4%
- Invalidation
- 57.52
- -5.2%
RiskReward
- Reward : risk
- 2.2 : 1
- ATR
- 1.39
- Price now
- 67.07 +10.6%
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
ASTM broke above its bull pennant on the 30-minute close at 60.65.
Projected target 67.55 (+11.4%). The pattern is invalidated beyond 57.52 (-5.2%), a reward-to-risk of about 2.2 : 1.
Structure: bearish external, bullish internal (strong high 129.69). Nearest demand OB 55.46 - 55.99, supply OB 63.60 - 64.69.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 60.65.
- 2 The target, 67.55 (+11.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 57.52 (-5.2%), cancels the setup.
- 4 Reward : risk is 2.2 : 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.