PSX · TEXTILE SPINNING · 30 Min
GADT Bull Pennant breakout
Gadoon Textile Mills Limited · 29 Oct 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 291.00 on the breakout. Target 302.49, invalidation 275.05.
Trade plan
✓ Target hit- Close
- 291.00
- ▲ 3.01%
- Target
- 302.49
- +3.9%
- Invalidation
- 275.05
- -5.5%
RiskReward
- Reward : risk
- 0.7 : 1
- ATR
- 4.67
- Price now
- 288.60 -0.8%
- Resolved
- 30 Oct · 09:30
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
GADT broke above its bull pennant on the 30-minute close at 291.00.
Projected target 302.49 (+3.9%). The pattern is invalidated beyond 275.05 (-5.5%), a reward-to-risk of about 0.7 : 1.
Structure: bullish external, bullish internal (strong low 260.00). Nearest demand OB 265.00 - 270.95, supply OB 323.00 - 325.10.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 291.00.
- 2 The target, 302.49 (+3.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 275.05 (-5.5%), cancels the setup.
- 4 Reward : risk is 0.7 : 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.