PSX · COMMERCIAL BANKS · 1 Hour
BAFL Bull Pennant breakout
Bank Alfalah Limited · 02 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 58.13 on the breakout. Target 60.03, invalidation 57.52.
Trade plan
● Active- Close
- 58.13
- ▲ 0.54%
- Target
- 60.03
- +3.3%
- Invalidation
- 57.52
- -1.0%
RiskReward
- Reward : risk
- 3.1 : 1
- ATR
- 0.42
- Price now
- 58.07 -0.1%
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
BAFL broke above its bull pennant on the hourly close at 58.13.
Projected target 60.03 (+3.3%). The pattern is invalidated beyond 57.52 (-1.0%), a reward-to-risk of about 3.1 : 1.
Structure: bullish external, bullish internal (strong low 50.65). Nearest demand OB 56.27 - 56.30, supply OB 62.55 - 63.45.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 58.13.
- 2 The target, 60.03 (+3.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 57.52 (-1.0%), cancels the setup.
- 4 Reward : risk is 3.1 : 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.