PSX · SUGAR & ALLIED INDUSTRIES · 1 Hour
HABSM Bull Flag forming
Habib Sugar Mills Limited · 02 Nov 2026 · 14:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 81.94
- ▲ 1.17%
- Upper line
- 82.30
- +0.4%
- Lower line
- 80.24
- -2.1%
- ATR
- 1.09
- 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
HABSM is building a bull flag after a 9.35 rally (8.6x ATR) on the hourly chart.
The flag channel runs between 80.24 and 82.30. A hourly close above 82.52 signals continuation towards 91.65; a close below 80.24 fails the pattern.
Structure: bullish external, bearish internal (strong low 70.00). Nearest supply OB 91.00 - 92.90.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 82.30 (+0.4%) would be an upside breakout.
- 3 A 1 hour close below 80.24 (-2.1%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bull flag
A bull flag is a sharp rise (the pole) followed by a short, gently falling channel (the flag); a break above the flag usually resumes the rise.
- Confirmation
- A close above the flag's upper line.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the flag's lower line.