PSX · CEMENT · 1 Hour
BWCL Bull Pennant breakout
Bestway Cement Limited · 29 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 478.00 on the breakout. Target 504.36, invalidation 470.00.
Trade plan
● Active- Close
- 478.00
- ▲ 0.74%
- Target
- 504.36
- +5.5%
- Invalidation
- 470.00
- -1.7%
RiskReward
- Reward : risk
- 3.3 : 1
- ATR
- 4.18
- Price now
- 476.04 -0.4%
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
BWCL broke above its bull pennant on the hourly close at 478.00.
Projected target 504.36 (+5.5%). The pattern is invalidated beyond 470.00 (-1.7%), a reward-to-risk of about 3.3 : 1.
Structure: bullish external, bullish internal (strong low 386.00). Nearest demand OB 462.51 - 463.99, supply OB 483.02 - 486.94.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 478.00.
- 2 The target, 504.36 (+5.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 470.00 (-1.7%), cancels the setup.
- 4 Reward : risk is 3.3 : 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.