PSX · GLASS & CERAMICS · 1 Hour
TGL Bull Pennant forming
Tariq Glass Industries Limited · 03 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 173.00
- ▲ 0.59%
- Upper line
- 173.03
- +0.0%
- Lower line
- 169.37
- -2.1%
- ATR
- 2.45
- 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
TGL is building a bull pennant after a 20.42 rally (8.3x ATR) on the hourly chart.
The flag channel runs between 169.37 and 173.03. A hourly close above 173.52 signals continuation towards 193.45; a close below 169.37 fails the pattern.
Structure: bearish external, bullish internal (strong high 237.00). Nearest demand OB 154.00 - 155.40, supply OB 191.94 - 195.00.
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 173.03 (+0.0%) would be an upside breakout.
- 3 A 1 hour close below 169.37 (-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 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.