PSX · CEMENT · 1 Hour
DGKC Bull Pennant forming
D.G. Khan Cement Company Limited · 12 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 211.60
- ▲ 0.98%
- Upper line
- 214.04
- +1.2%
- Lower line
- 209.03
- -1.2%
- ATR
- 2.82
- 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
DGKC is building a bull pennant after a 15.61 rally (5.5x ATR) on the hourly chart.
The flag channel runs between 209.03 and 214.04. A hourly close above 214.60 signals continuation towards 229.65; a close below 209.03 fails the pattern.
Structure: bullish external, bullish internal (strong low 168.02). Nearest demand OB 197.20 - 200.98, supply OB 220.60 - 222.46.
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 214.04 (+1.2%) would be an upside breakout.
- 3 A 1 hour close below 209.03 (-1.2%) 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.