PSX · TEXTILE SPINNING · 30 Min
ASTM Bull Pennant breakout
Asim Textile Mills Limited · 12 Nov 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 67.07 on the breakout. Target 75.82, invalidation 64.40.
Trade plan
● Active- Close
- 67.07
- ▲ 3.44%
- Target
- 75.82
- +13.0%
- Invalidation
- 64.40
- -4.0%
RiskReward
- Reward : risk
- 3.3 : 1
- ATR
- 1.37
- Price now
- 67.07 0.0%
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
ASTM broke above its bull pennant on the 30-minute close at 67.07.
Projected target 75.82 (+13.0%). The pattern is invalidated beyond 64.40 (-4.0%), a reward-to-risk of about 3.3 : 1.
Structure: bearish external, bullish internal (strong high 129.69). Nearest demand OB 58.05 - 58.80, supply OB 67.81 - 68.49.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 67.07.
- 2 The target, 75.82 (+13.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 64.40 (-4.0%), cancels the setup.
- 4 Reward : risk is 3.3 : 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.