PSX · CHEMICAL · 30 Min
PAKOXY Bull Flag forming
Pakistan Oxygen Limited · 20 Oct 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 374.00
- ▲ 0.00%
- Upper line
- 375.61
- +0.4%
- Lower line
- 365.94
- -2.2%
- ATR
- 4.19
- 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 30 Min candles · click to enlarge
The breakdown
PAKOXY is building a bull flag after a 38.59 rally (9.2x ATR) on the 30-minute chart.
The flag channel runs between 365.94 and 375.61. A 30-minute close above 376.45 signals continuation towards 414.20; a close below 365.94 fails the pattern.
Structure: bullish external, bullish internal (strong low 329.89). Nearest demand OB 345.00 - 351.00.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 375.61 (+0.4%) would be an upside breakout.
- 3 A 30 min close below 365.94 (-2.2%) 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.