PSX · AUTOMOBILE PARTS & ACCESSORIES · 30 Min
DWAE Bull Flag breakout
Dewan Automotive Engineering Limited · 11 Nov 2026 · 12:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 25.29 on the breakout. Target 29.87, invalidation 24.61.
Trade plan
✕ Invalidated- Close
- 25.29
- ▲ 2.18%
- Target
- 29.87
- +18.1%
- Invalidation
- 24.61
- -2.7%
RiskReward
- Reward : risk
- 6.7 : 1
- ATR
- 0.48
- Price now
- 23.00 -9.1%
- Resolved
- 11 Nov · 12:30
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
DWAE broke above its bull flag on the 30-minute close at 25.29.
Projected target 29.87 (+18.1%). The pattern is invalidated beyond 24.61 (-2.7%), a reward-to-risk of about 6.7 : 1.
Structure: bullish external, bullish internal (strong low 20.20). Nearest demand OB 15.50 - 15.99.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 25.29.
- 2 The target, 29.87 (+18.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 24.61 (-2.7%), cancels the setup.
- 4 Reward : risk is 6.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the bull flag
A bull flag is a sharp rise (the pole) followed by a short, gently falling channel (the flag); a break above the flag usually resumes the rise.
- Confirmation
- A close above the flag's upper line.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the flag's lower line.