PSX · PHARMACEUTICALS · 30 Min
OTSU Bull Flag forming
Otsuka Pakistan Limited · 12 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 454.99
- ▲ 2.71%
- Upper line
- 456.21
- +0.3%
- Lower line
- 442.23
- -2.8%
- ATR
- 4.87
- 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
OTSU is building a bull flag after a 34.00 rally (7.0x ATR) on the 30-minute chart.
The flag channel runs between 442.23 and 456.21. A 30-minute close above 457.18 signals continuation towards 490.21; a close below 442.23 fails the pattern.
Structure: bearish external, bullish internal (strong high 456.46). Nearest demand OB 430.00 - 436.00.
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 456.21 (+0.3%) would be an upside breakout.
- 3 A 30 min close below 442.23 (-2.8%) 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.