PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 30 Min
FCIBL Bull Pennant breakout
First Credit and Investment Bank Limited · 29 Oct 2026 · 15:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 117.24 on the breakout. Target 130.97, invalidation 111.05.
Trade plan
● Active- Close
- 117.24
- ▲ 2.84%
- Target
- 130.97
- +11.7%
- Invalidation
- 111.05
- -5.3%
RiskReward
- Reward : risk
- 2.2 : 1
- ATR
- 2.50
- Price now
- 128.27 +9.4%
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
FCIBL broke above its bull pennant on the 30-minute close at 117.24.
Projected target 130.97 (+11.7%). The pattern is invalidated beyond 111.05 (-5.3%), a reward-to-risk of about 2.2 : 1.
Structure: bullish external, bullish internal (strong low 63.73). Nearest demand OB 102.99 - 106.55.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 117.24.
- 2 The target, 130.97 (+11.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 111.05 (-5.3%), cancels the setup.
- 4 Reward : risk is 2.2 : 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.