PSX · AUTOMOBILE ASSEMBLER · 30 Min
SAZEW Bull Pennant forming
Sazgar Engineering Works Limited · 28 Oct 2026 · 13:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 1,430.90
- ▼ 0.01%
- Upper line
- 1,437.31
- +0.4%
- Lower line
- 1,422.20
- -0.6%
- ATR
- 12.30
- 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
SAZEW is building a bull pennant after a 69.49 rally (5.6x ATR) on the 30-minute chart.
The flag channel runs between 1,422.20 and 1,437.31. A 30-minute close above 1,439.77 signals continuation towards 1,506.80; a close below 1,422.20 fails the pattern.
Structure: bearish external, bullish internal (strong high 1,533.00). Nearest demand OB 1,368.00 - 1,389.02, supply OB 1,491.01 - 1,499.00.
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 1,437.31 (+0.4%) would be an upside breakout.
- 3 A 30 min close below 1,422.20 (-0.6%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bull 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.