PSX · FOOD & PERSONAL CARE PRODUCTS · 30 Min
NATF Bull Pennant forming
National Foods Limited · 21 Oct 2026 · 10:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 318.25
- ▲ 0.14%
- Upper line
- 318.51
- +0.1%
- Lower line
- 318.72
- +0.1%
- ATR
- 1.02
- 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
NATF is building a bull pennant after a 8.95 rally (8.8x ATR) on the 30-minute chart.
The flag channel runs between 318.72 and 318.51. A 30-minute close above 318.71 signals continuation towards 327.46; a close below 318.72 fails the pattern.
Structure: bearish external, bullish internal (strong high 420.50). Nearest demand OB 310.00 - 314.35, supply OB 342.01 - 344.60.
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 318.51 (+0.1%) would be an upside breakout.
- 3 A 30 min close below 318.72 (+0.1%) 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.