PSX · FOOD & PERSONAL CARE PRODUCTS · 30 Min
BNL Rising Wedge breakdown
Bunnys Limited · 12 Nov 2026 · 12:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 5.48 on the breakout. Target 5.20, invalidation 5.80.
Trade plan
● Active- Close
- 5.48
- ▼ 1.97%
- Target
- 5.20
- -5.1%
- Invalidation
- 5.80
- +5.8%
RiskReward
- Reward : risk
- 0.9 : 1
- ATR
- 0.11
- Price now
- 5.54 +1.1%
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
BNL broke below its rising wedge on the 30-minute close at 5.48.
Projected target 5.20 (-5.1%). The pattern is invalidated beyond 5.80 (+5.8%), a reward-to-risk of about 0.9 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 6.00). Nearest demand OB 5.30 - 5.45, supply OB 6.07 - 6.13.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 5.48.
- 2 The target, 5.20 (-5.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 5.80 (+5.8%), cancels the setup.
- 4 Reward : risk is 0.9 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the rising wedge
A rising wedge is two upward-sloping lines that converge; the buying loses momentum and a break below the lower line is usually bearish.
- Confirmation
- A close below the lower wedge line.
- Target
- The wedge's widest height, projected down from the breakout.
- Fails if
- A close back above the lower line or above the wedge's last high.