PSX · VANASPATI & ALLIED INDUSTRIES · 1 Hour
SSOM Bull Flag forming
S.S.Oil Mills Limited · 12 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 438.98
- ▲ 1.15%
- Upper line
- 446.67
- +1.8%
- Lower line
- 431.81
- -1.6%
- ATR
- 6.49
- 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
SSOM is building a bull flag after a 43.90 rally (6.8x ATR) on the hourly chart.
The flag channel runs between 431.81 and 446.67. A hourly close above 447.97 signals continuation towards 490.57; a close below 431.81 fails the pattern.
Structure: bullish external, bullish internal (strong low 372.36). Nearest demand OB 412.32 - 419.00, supply OB 472.00 - 486.00.
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 446.67 (+1.8%) would be an upside breakout.
- 3 A 1 hour close below 431.81 (-1.6%) 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.