PSX · PAPER, BOARD & PACKAGING · 30 Min
RPL Bear Pennant breakdown
Roshan Packages Limited · 21 Oct 2026 · 12:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 14.30 on the breakout. Target 13.18, invalidation 14.40.
Trade plan
● Active- Close
- 14.30
- ▼ 0.49%
- Target
- 13.18
- -7.8%
- Invalidation
- 14.40
- +0.7%
RiskReward
- Reward : risk
- 11.2 : 1
- ATR
- 0.16
- Price now
- 14.24 -0.4%
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
RPL broke below its bear pennant on the 30-minute close at 14.30.
Projected target 13.18 (-7.8%). The pattern is invalidated beyond 14.40 (+0.7%), a reward-to-risk of about 11.2 : 1.
Structure: bearish external, bullish internal (strong high 17.11). Nearest supply OB 16.42 - 16.69.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 14.30.
- 2 The target, 13.18 (-7.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 14.40 (+0.7%), cancels the setup.
- 4 Reward : risk is 11.2 : 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.