PSX · TEXTILE COMPOSITE · 30 Min
NCL Bear Pennant breakdown
Nishat Chunian Limited · 20 Oct 2026 · 13:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 34.76 on the breakout. Target 30.83, invalidation 35.69.
Trade plan
● Active- Close
- 34.76
- ▼ 0.12%
- Target
- 30.83
- -11.3%
- Invalidation
- 35.69
- +2.7%
RiskReward
- Reward : risk
- 4.2 : 1
- ATR
- 0.25
- Price now
- 35.00 +0.7%
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
NCL broke below its bear pennant on the 30-minute close at 34.76.
Projected target 30.83 (-11.3%). The pattern is invalidated beyond 35.69 (+2.7%), a reward-to-risk of about 4.2 : 1.
Structure: bearish external, bearish internal (strong high 40.99). Nearest supply OB 42.00 - 42.40.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 34.76.
- 2 The target, 30.83 (-11.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 35.69 (+2.7%), cancels the setup.
- 4 Reward : risk is 4.2 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the bear pennant
A bear pennant is a sharp fall followed by a small symmetrical triangle; a break below it usually continues the fall.
- Confirmation
- A close below the pennant.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the pennant.