PSX · AUTOMOBILE PARTS & ACCESSORIES · 30 Min
DWAE Bull Flag forming
Dewan Automotive Engineering Limited · 11 Nov 2026 · 11:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 24.75
- ▼ 0.60%
- Upper line
- 25.08
- +1.3%
- Lower line
- 24.52
- -0.9%
- ATR
- 0.48
- 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
DWAE is building a bull flag after a 5.00 rally (10.5x ATR) on the 30-minute chart.
The flag channel runs between 24.52 and 25.08. A 30-minute close above 25.18 signals continuation towards 30.08; a close below 24.52 fails the pattern.
Structure: bullish external, bullish internal (strong low 20.20). Nearest demand OB 15.50 - 15.99.
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 25.08 (+1.3%) would be an upside breakout.
- 3 A 30 min close below 24.52 (-0.9%) 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.