PSX · TEXTILE COMPOSITE · 30 Min
PASM Bull Pennant breakout
Paramount Spinning Mills Limited · 21 Oct 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 10.70 on the breakout. Target 12.67, invalidation 10.05.
Trade plan
● Active- Close
- 10.70
- ▲ 5.84%
- Target
- 12.67
- +18.4%
- Invalidation
- 10.05
- -6.1%
RiskReward
- Reward : risk
- 3.0 : 1
- ATR
- 0.36
- Price now
- 10.61 -0.8%
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
PASM broke above its bull pennant on the 30-minute close at 10.70.
Projected target 12.67 (+18.4%). The pattern is invalidated beyond 10.05 (-6.1%), a reward-to-risk of about 3.0 : 1.
Structure: bullish external, bullish internal (strong low 7.00). Nearest demand OB 8.80 - 9.00, supply OB 12.00 - 13.10.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 10.70.
- 2 The target, 12.67 (+18.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 10.05 (-6.1%), cancels the setup.
- 4 Reward : risk is 3.0 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.