PSX · TEXTILE COMPOSITE · 30 Min
KTML Bull Pennant breakout
Kohinoor Textile Mills Limited · 11 Nov 2026 · 13:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 44.00 on the breakout. Target 46.84, invalidation 42.72.
Trade plan
✕ Invalidated- Close
- 44.00
- ▲ 1.17%
- Target
- 46.84
- +6.5%
- Invalidation
- 42.72
- -2.9%
RiskReward
- Reward : risk
- 2.2 : 1
- ATR
- 0.63
- Price now
- 42.50 -3.4%
- Resolved
- 11 Nov · 15:00
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
KTML broke above its bull pennant on the 30-minute close at 44.00.
Projected target 46.84 (+6.5%). The pattern is invalidated beyond 42.72 (-2.9%), a reward-to-risk of about 2.2 : 1.
Structure: bearish external, bullish internal (strong high 44.14). Nearest demand OB 38.12 - 38.78, supply OB 45.29 - 45.51.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 44.00.
- 2 The target, 46.84 (+6.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 42.72 (-2.9%), 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.