PSX · SUGAR & ALLIED INDUSTRIES · 1 Hour
CHAS Bear Pennant breakdown
Chashma Sugar Mills Limited · 30 Oct 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 81.00 on the breakout. Target 63.07, invalidation 82.98.
Trade plan
● Active- Close
- 81.00
- ▲ 0.00%
- Target
- 63.07
- -22.1%
- Invalidation
- 82.98
- +2.4%
RiskReward
- Reward : risk
- 9.1 : 1
- ATR
- 1.77
- Price now
- 81.00 0.0%
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
CHAS broke below its bear pennant on the hourly close at 81.00.
Projected target 63.07 (-22.1%). The pattern is invalidated beyond 82.98 (+2.4%), a reward-to-risk of about 9.1 : 1.
Structure: bullish external, bullish internal (strong low 56.01). Nearest demand OB 68.51 - 70.97, supply OB 119.48 - 120.98.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 81.00.
- 2 The target, 63.07 (-22.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 82.98 (+2.4%), cancels the setup.
- 4 Reward : risk is 9.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.