PSX · TEXTILE WEAVING · 1 Hour
ZTL Bull Pennant forming
Zephyr Textiles Limited · 13 Nov 2026 · 11:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 17.60
- ▲ 3.53%
- Upper line
- 17.71
- +0.6%
- Lower line
- 16.83
- -4.4%
- ATR
- 0.45
- 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
ZTL is building a bull pennant after a 4.18 rally (9.2x ATR) on the hourly chart.
The flag channel runs between 16.83 and 17.71. A hourly close above 17.80 signals continuation towards 21.89; a close below 16.83 fails the pattern.
Structure: bearish external, bullish internal (strong high 24.48). Nearest demand OB 13.00 - 13.21, supply OB 18.65 - 18.68.
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 17.71 (+0.6%) would be an upside breakout.
- 3 A 1 hour close below 16.83 (-4.4%) 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.