PSX · CEMENT · 1 Hour
LUCK Bull Pennant forming
Lucky Cement Limited · 12 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 446.83
- ▲ 0.44%
- Upper line
- 451.00
- +0.9%
- Lower line
- 443.43
- -0.8%
- ATR
- 5.09
- 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
LUCK is building a bull pennant after a 27.70 rally (5.4x ATR) on the hourly chart.
The flag channel runs between 443.43 and 451.00. A hourly close above 452.02 signals continuation towards 478.70; a close below 443.43 fails the pattern.
Structure: bullish external, bullish internal (strong low 382.13). Nearest demand OB 425.65 - 430.00, supply OB 470.00 - 474.90.
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 451.00 (+0.9%) would be an upside breakout.
- 3 A 1 hour close below 443.43 (-0.8%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bull 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.