PSX · PHARMACEUTICALS · 30 Min
MACTER Bull Pennant breakout
Macter International Limited · 29 Oct 2026 · 15:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 232.90 on the breakout. Target 242.75, invalidation 230.05.
Trade plan
✕ Invalidated- Close
- 232.90
- ▲ 1.02%
- Target
- 242.75
- +4.2%
- Invalidation
- 230.05
- -1.2%
RiskReward
- Reward : risk
- 3.5 : 1
- ATR
- 1.74
- Price now
- 231.00 -0.8%
- Resolved
- 30 Oct · 10:00
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
MACTER broke above its bull pennant on the 30-minute close at 232.90.
Projected target 242.75 (+4.2%). The pattern is invalidated beyond 230.05 (-1.2%), a reward-to-risk of about 3.5 : 1.
Structure: bearish external, bullish internal (strong high 276.99). Nearest supply OB 257.18 - 261.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 232.90.
- 2 The target, 242.75 (+4.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 230.05 (-1.2%), cancels the setup.
- 4 Reward : risk is 3.5 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.