PSX · TEXTILE SPINNING · 1 Hour
DSIL Bull Pennant breakout
D.S. Industries Limited · 23 Oct 2026 · 15:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 30.75 on the breakout. Target 34.56, invalidation 27.25.
Trade plan
● Active- Close
- 30.75
- ▲ 10.97%
- Target
- 34.56
- +12.4%
- Invalidation
- 27.25
- -11.4%
RiskReward
- Reward : risk
- 1.1 : 1
- ATR
- 1.04
- Price now
- 33.83 +10.0%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
DSIL broke above its bull pennant on the hourly close at 30.75.
Projected target 34.56 (+12.4%). The pattern is invalidated beyond 27.25 (-11.4%), a reward-to-risk of about 1.1 : 1.
Structure: bullish external, bullish internal (strong low 15.07). Nearest demand OB 24.19 - 24.31.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 30.75.
- 2 The target, 34.56 (+12.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 27.25 (-11.4%), cancels the setup.
- 4 Reward : risk is 1.1 : 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.