PSX · TEXTILE COMPOSITE · 30 Min
KTML Bull Pennant forming
Kohinoor Textile Mills Limited · 11 Nov 2026 · 10:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 43.65
- ▲ 0.93%
- Upper line
- 43.70
- +0.1%
- Lower line
- 42.75
- -2.1%
- ATR
- 0.68
- 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
KTML is building a bull pennant after a 3.49 rally (5.1x ATR) on the 30-minute chart.
The flag channel runs between 42.75 and 43.70. A 30-minute close above 43.84 signals continuation towards 47.19; a close below 42.75 fails the pattern.
Structure: bearish external, bullish internal (strong high 44.14). Nearest demand OB 38.12 - 38.78, supply OB 45.29 - 45.51.
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 43.70 (+0.1%) would be an upside breakout.
- 3 A 30 min close below 42.75 (-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.