PSX · CEMENT · 1 Hour
MLCF Bull Pennant breakout
Maple Leaf Cement Factory Limited · 28 Oct 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 91.60 on the breakout. Target 96.46, invalidation 89.83.
Trade plan
● Active- Close
- 91.60
- ▲ 0.88%
- Target
- 96.46
- +5.3%
- Invalidation
- 89.83
- -1.9%
RiskReward
- Reward : risk
- 2.7 : 1
- ATR
- 0.82
- Price now
- 91.60 0.0%
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
MLCF broke above its bull pennant on the hourly close at 91.60.
Projected target 96.46 (+5.3%). The pattern is invalidated beyond 89.83 (-1.9%), a reward-to-risk of about 2.7 : 1.
Structure: bullish external, bearish internal (strong low 71.00). Nearest demand OB 80.61 - 82.50, supply OB 93.60 - 94.84.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 91.60.
- 2 The target, 96.46 (+5.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 89.83 (-1.9%), cancels the setup.
- 4 Reward : risk is 2.7 : 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.