PSX · PHARMACEUTICALS · Daily
IBLHL Bear Pennant breakdown
IBL HealthCare Limited · 23 Oct 2026
▼ Bearish Breakout Pattern breakout With the trend
Closed at 39.62 on the breakout. Target 30.50, invalidation 42.50.
Trade plan
- Close
- 39.62
- ▼ 1.35%
- Target
- 30.50
- -23.0%
- Invalidation
- 42.50
- +7.3%
RiskReward
- Reward : risk
- 3.2 : 1
- ATR
- 1.50
- 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
IBLHL broke below its bear pennant on the daily close at 39.62.
Projected target 30.50 (-23.0%). The pattern is invalidated beyond 42.50 (+7.3%), a reward-to-risk of about 3.2 : 1.
Structure: bearish external, bearish internal (strong high 85.82). Nearest demand OB 22.63 - 23.30, supply OB 64.25 - 70.21.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 39.62.
- 2 The target, 30.50 (-23.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 42.50 (+7.3%), cancels the setup.
- 4 Reward : risk is 3.2 : 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.