PSX · CEMENT · 30 Min
DNCC Bear Pennant breakdown
Dandot Cement Company Limited · 02 Nov 2026 · 12:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 22.45 on the breakout. Target 18.82, invalidation 23.10.
Trade plan
● Active- Close
- 22.45
- ▼ 0.22%
- Target
- 18.82
- -16.2%
- Invalidation
- 23.10
- +2.9%
RiskReward
- Reward : risk
- 5.6 : 1
- ATR
- 0.64
- Price now
- 22.37 -0.4%
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
DNCC broke below its bear pennant on the 30-minute close at 22.45.
Projected target 18.82 (-16.2%). The pattern is invalidated beyond 23.10 (+2.9%), a reward-to-risk of about 5.6 : 1.
Structure: bullish external, bearish internal (strong low 22.16). Nearest demand OB 19.60 - 20.00, supply OB 25.25 - 25.85.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 22.45.
- 2 The target, 18.82 (-16.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 23.10 (+2.9%), cancels the setup.
- 4 Reward : risk is 5.6 : 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.