PSX · COMMERCIAL BANKS · 30 Min
BAFL Bull Pennant breakout
Bank Alfalah Limited · 29 Oct 2026 · 11:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 58.30 on the breakout. Target 60.30, invalidation 57.79.
Trade plan
✕ Invalidated- Close
- 58.30
- ▲ 0.50%
- Target
- 60.30
- +3.4%
- Invalidation
- 57.79
- -0.9%
RiskReward
- Reward : risk
- 3.9 : 1
- ATR
- 0.38
- Price now
- 57.80 -0.9%
- Resolved
- 29 Oct · 15:00
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
BAFL broke above its bull pennant on the 30-minute close at 58.30.
Projected target 60.30 (+3.4%). The pattern is invalidated beyond 57.79 (-0.9%), a reward-to-risk of about 3.9 : 1.
Structure: bullish external, bullish internal (strong low 54.16). Nearest demand OB 56.20 - 56.59, supply OB 59.50 - 59.78.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 58.30.
- 2 The target, 60.30 (+3.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 57.79 (-0.9%), cancels the setup.
- 4 Reward : risk is 3.9 : 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.