PSX · GLASS & CERAMICS · 30 Min
GHGL Bear Flag breakdown
Ghani Glass Limited · 02 Nov 2026 · 12:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 37.41 on the breakout. Target 34.35, invalidation 37.99.
Trade plan
● Active- Close
- 37.41
- ▼ 1.03%
- Target
- 34.35
- -8.2%
- Invalidation
- 37.99
- +1.6%
RiskReward
- Reward : risk
- 5.3 : 1
- ATR
- 0.38
- Price now
- 37.70 +0.8%
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
GHGL broke below its bear flag on the 30-minute close at 37.41.
Projected target 34.35 (-8.2%). The pattern is invalidated beyond 37.99 (+1.6%), a reward-to-risk of about 5.3 : 1.
Structure: bearish external, bearish internal (strong high 45.10). Nearest demand OB 35.22 - 35.60, supply OB 39.05 - 39.30.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 37.41.
- 2 The target, 34.35 (-8.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 37.99 (+1.6%), cancels the setup.
- 4 Reward : risk is 5.3 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the bear flag
A bear flag is a sharp fall (the pole) followed by a short, gently rising channel (the flag); a break below the flag usually resumes the fall.
- Confirmation
- A close below the flag's lower line.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the flag's upper line.