PSX · SUGAR & ALLIED INDUSTRIES · 1 Hour
HRPL Bull Flag forming
Habib Rice Product Limited. · 12 Nov 2026 · 14:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 18.48
- ▲ 2.61%
- Upper line
- 18.49
- +0.1%
- Lower line
- 18.00
- -2.6%
- ATR
- 0.28
- 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
HRPL is building a bull flag after a 1.42 rally (5.1x ATR) on the hourly chart.
The flag channel runs between 18.00 and 18.49. A hourly close above 18.55 signals continuation towards 19.91; a close below 18.00 fails the pattern.
Structure: bearish external, bullish internal (strong high 21.20). Nearest demand OB 17.07 - 17.50, supply OB 19.01 - 19.49.
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 18.49 (+0.1%) would be an upside breakout.
- 3 A 1 hour close below 18.00 (-2.6%) 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.