PSX · AUTOMOBILE PARTS & ACCESSORIES · 30 Min
GTYR Bull Pennant breakout
Ghandhara Tyre & Rubber Company Limited · 12 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 24.60 on the breakout. Target 25.23, invalidation 24.02.
Trade plan
✕ Invalidated- Close
- 24.60
- ▲ 1.24%
- Target
- 25.23
- +2.6%
- Invalidation
- 24.02
- -2.4%
RiskReward
- Reward : risk
- 1.1 : 1
- ATR
- 0.20
- Price now
- 24.18 -1.7%
- Resolved
- 12 Nov · 12:00
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
GTYR broke above its bull pennant on the 30-minute close at 24.60.
Projected target 25.23 (+2.6%). The pattern is invalidated beyond 24.02 (-2.4%), a reward-to-risk of about 1.1 : 1.
Structure: bearish external, bullish internal (strong high 30.75). Nearest demand OB 24.05 - 24.20, supply OB 24.65 - 24.85.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 24.60.
- 2 The target, 25.23 (+2.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 24.02 (-2.4%), cancels the setup.
- 4 Reward : risk is 1.1 : 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.