PSX · TEXTILE SPINNING · 1 Hour
DSIL Bull Pennant forming
D.S. Industries Limited · 23 Oct 2026 · 14:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 27.71
- ▼ 0.07%
- Upper line
- 27.94
- +0.8%
- Lower line
- 27.50
- -0.8%
- ATR
- 0.88
- 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
DSIL is building a bull pennant after a 6.78 rally (7.7x ATR) on the hourly chart.
The flag channel runs between 27.50 and 27.94. A hourly close above 28.12 signals continuation towards 34.72; a close below 27.50 fails the pattern.
Structure: bullish external, bullish internal (strong low 15.07). Nearest demand OB 24.19 - 24.31.
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 27.94 (+0.8%) would be an upside breakout.
- 3 A 1 hour close below 27.50 (-0.8%) 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.