PSX · OIL & GAS EXPLORATION COMPANIES · 1 Hour
PPL Bull Pennant breakout
Pakistan Petroleum Limited · 11 Nov 2026 · 13:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 227.17 on the breakout. Target 238.82, invalidation 224.66.
Trade plan
✕ Invalidated- Close
- 227.17
- ▲ 0.30%
- Target
- 238.82
- +5.1%
- Invalidation
- 224.66
- -1.1%
RiskReward
- Reward : risk
- 4.6 : 1
- ATR
- 2.25
- Price now
- 223.20 -1.8%
- Resolved
- 11 Nov · 14:30
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
PPL broke above its bull pennant on the hourly close at 227.17.
Projected target 238.82 (+5.1%). The pattern is invalidated beyond 224.66 (-1.1%), a reward-to-risk of about 4.6 : 1.
Structure: bearish external, bullish internal (strong high 250.00). Nearest demand OB 211.80 - 213.29, supply OB 237.24 - 239.06.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 227.17.
- 2 The target, 238.82 (+5.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 224.66 (-1.1%), cancels the setup.
- 4 Reward : risk is 4.6 : 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.