PSX · POWER GENERATION & DISTRIBUTION · 30 Min
NPL Bear Pennant breakdown
Nishat Power Limited · 29 Oct 2026 · 15:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 52.40 on the breakout. Target 47.33, invalidation 53.80.
Trade plan
✕ Invalidated- Close
- 52.40
- ▼ 0.66%
- Target
- 47.33
- -9.7%
- Invalidation
- 53.80
- +2.7%
RiskReward
- Reward : risk
- 3.6 : 1
- ATR
- 0.56
- Price now
- 52.79 +0.7%
- 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
NPL broke below its bear pennant on the 30-minute close at 52.40.
Projected target 47.33 (-9.7%). The pattern is invalidated beyond 53.80 (+2.7%), a reward-to-risk of about 3.6 : 1.
Structure: bearish external, bearish internal (strong high 57.54). Nearest demand OB 51.81 - 52.14, supply OB 52.90 - 53.50.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 52.40.
- 2 The target, 47.33 (-9.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 53.80 (+2.7%), cancels the setup.
- 4 Reward : risk is 3.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the bear pennant
A bear pennant is a sharp fall followed by a small symmetrical triangle; a break below it usually continues the fall.
- Confirmation
- A close below the pennant.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the pennant.