PSX · POWER GENERATION & DISTRIBUTION · 1 Hour
EPQL Bull Pennant breakout
Engro Powergen Qadirpur Limited · 26 Oct 2026 · 11:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 24.17 on the breakout. Target 24.85, invalidation 23.75.
Trade plan
● Active- Close
- 24.17
- ▲ 0.79%
- Target
- 24.85
- +2.8%
- Invalidation
- 23.75
- -1.7%
RiskReward
- Reward : risk
- 1.6 : 1
- ATR
- 0.14
- Price now
- 24.00 -0.7%
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
EPQL broke above its bull pennant on the hourly close at 24.17.
Projected target 24.85 (+2.8%). The pattern is invalidated beyond 23.75 (-1.7%), a reward-to-risk of about 1.6 : 1.
Structure: bullish external, bullish internal (strong low 22.53). Nearest supply OB 30.11 - 31.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 24.17.
- 2 The target, 24.85 (+2.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 23.75 (-1.7%), cancels the setup.
- 4 Reward : risk is 1.6 : 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.