PSX · TEXTILE SPINNING · 30 Min
TATM Bull Flag forming
Tata Textile Mills Limited · 29 Oct 2026 · 12:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 145.00
- ▲ 0.00%
- Upper line
- 146.91
- +1.3%
- Lower line
- 142.92
- -1.4%
- ATR
- 1.71
- 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
TATM is building a bull flag after a 9.94 rally (5.8x ATR) on the 30-minute chart.
The flag channel runs between 142.92 and 146.91. A 30-minute close above 147.25 signals continuation towards 156.85; a close below 142.92 fails the pattern.
Structure: bullish external, bullish internal (strong low 125.00). Nearest demand OB 137.20 - 140.00, supply OB 150.10 - 154.00.
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 146.91 (+1.3%) would be an upside breakout.
- 3 A 30 min close below 142.92 (-1.4%) 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.