PSX · AUTOMOBILE ASSEMBLER · Daily
GHNI Bear Pennant breakdown
Ghandhara Industries Limited · 20 Oct 2026
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 1,003.04 on the breakout. Target 808.68, invalidation 1,044.20.
Trade plan
● Active- Close
- 1,003.04
- ▼ 1.12%
- Target
- 808.68
- -19.4%
- Invalidation
- 1,044.20
- +4.1%
RiskReward
- Reward : risk
- 4.7 : 1
- ATR
- 31.59
- Price now
- 1,003.04 0.0%
Outcome measured on the daily 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 Daily candles · click to enlarge
The breakdown
GHNI broke below its bear pennant on the daily close at 1,003.04.
Projected target 808.68 (-19.4%). The pattern is invalidated beyond 1,044.20 (+4.1%), a reward-to-risk of about 4.7 : 1.
Structure: bullish external, bearish internal (strong low 590.00). Nearest demand OB 915.00 - 923.81, supply OB 1,078.00 - 1,097.00.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 1,003.04.
- 2 The target, 808.68 (-19.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 1,044.20 (+4.1%), cancels the setup.
- 4 Reward : risk is 4.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.