PSX · AUTOMOBILE ASSEMBLER · 30 Min
GHNI Bull Pennant forming
Ghandhara Industries Limited · 03 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 1,164.00
- ▲ 0.26%
- Upper line
- 1,172.90
- +0.8%
- Lower line
- 1,158.33
- -0.5%
- ATR
- 15.40
- 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
GHNI is building a bull pennant after a 77.58 rally (5.0x ATR) on the 30-minute chart.
The flag channel runs between 1,158.33 and 1,172.90. A 30-minute close above 1,175.98 signals continuation towards 1,250.48; a close below 1,158.33 fails the pattern.
Structure: bullish external, bullish internal (strong low 935.00). Nearest demand OB 998.00 - 1,002.80, supply OB 1,215.00 - 1,230.00.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 1,172.90 (+0.8%) would be an upside breakout.
- 3 A 30 min close below 1,158.33 (-0.5%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.