PSX · CEMENT · 1 Hour
FCCL Bull Pennant forming
Fauji Cement Company Limited · 12 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 62.72
- ▲ 1.08%
- Upper line
- 63.69
- +1.5%
- Lower line
- 62.05
- -1.1%
- ATR
- 1.00
- 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
FCCL is building a bull pennant after a 6.45 rally (6.4x ATR) on the hourly chart.
The flag channel runs between 62.05 and 63.69. A hourly close above 63.89 signals continuation towards 70.14; a close below 62.05 fails the pattern.
Structure: bullish external, bullish internal (strong low 49.06). Nearest demand OB 54.11 - 54.47.
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 63.69 (+1.5%) would be an upside breakout.
- 3 A 1 hour close below 62.05 (-1.1%) 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.