PSX · REFINERY · 30 Min
CNERGY Bull Flag forming
Cnergyico PK Limited · 29 Oct 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 12.84
- ▲ 0.16%
- Upper line
- 12.92
- +0.6%
- Lower line
- 12.76
- -0.6%
- ATR
- 0.12
- 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
CNERGY is building a bull flag after a 0.85 rally (7.3x ATR) on the 30-minute chart.
The flag channel runs between 12.76 and 12.92. A 30-minute close above 12.94 signals continuation towards 13.77; a close below 12.76 fails the pattern.
Structure: bullish external, bullish internal (strong low 9.73). Nearest demand OB 12.23 - 12.41, supply OB 13.34 - 13.45.
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 12.92 (+0.6%) would be an upside breakout.
- 3 A 30 min close below 12.76 (-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 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.