PSX · POWER GENERATION & DISTRIBUTION · 30 Min
NCPL Bull Pennant breakout
Nishat Chunian Power Limited · 21 Oct 2026 · 15:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 51.72 on the breakout. Target 54.50, invalidation 49.52.
Trade plan
● Active- Close
- 51.72
- ▲ 2.86%
- Target
- 54.50
- +5.4%
- Invalidation
- 49.52
- -4.3%
RiskReward
- Reward : risk
- 1.3 : 1
- ATR
- 0.74
- Price now
- 51.62 -0.2%
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
NCPL broke above its bull pennant on the 30-minute close at 51.72.
Projected target 54.50 (+5.4%). The pattern is invalidated beyond 49.52 (-4.3%), a reward-to-risk of about 1.3 : 1.
Structure: bearish external, bullish internal (strong high 54.85). Nearest demand OB 49.41 - 49.96, supply OB 53.01 - 53.19.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 51.72.
- 2 The target, 54.50 (+5.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 49.52 (-4.3%), cancels the setup.
- 4 Reward : risk is 1.3 : 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.