PSX · OIL & GAS MARKETING COMPANIES · Daily
WAFI Bull Pennant breakout
Wafi Energy Pakistan Limited · 11 Nov 2026
▲ Bullish Breakout Pattern breakout With the trend
Closed at 170.68 on the breakout. Target 193.90, invalidation 160.00.
Trade plan
● Active- Close
- 170.68
- ▲ 1.95%
- Target
- 193.90
- +13.6%
- Invalidation
- 160.00
- -6.3%
RiskReward
- Reward : risk
- 2.2 : 1
- ATR
- 4.73
- Price now
- 170.68 0.0%
Outcome measured on the daily 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 Daily candles · click to enlarge
The breakdown
WAFI broke above its bull pennant on the daily close at 170.68.
Projected target 193.90 (+13.6%). The pattern is invalidated beyond 160.00 (-6.3%), a reward-to-risk of about 2.2 : 1.
Structure: bullish external, bullish internal (strong low 124.00). Nearest demand OB 159.47 - 164.80, supply OB 185.50 - 191.40.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing above the pattern at 170.68.
- 2 The target, 193.90 (+13.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 160.00 (-6.3%), cancels the setup.
- 4 Reward : risk is 2.2 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.