PSX · CEMENT · 1 Hour
LUCK Bull Flag forming
Lucky Cement Limited · 30 Oct 2026 · 08:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 397.79
- ▲ 0.33%
- Upper line
- 398.85
- +0.3%
- Lower line
- 394.89
- -0.7%
- ATR
- 2.64
- 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
LUCK is building a bull flag after a 19.67 rally (7.4x ATR) on the hourly chart.
The flag channel runs between 394.89 and 398.85. A hourly close above 399.38 signals continuation towards 418.52; a close below 394.89 fails the pattern.
Structure: bearish external, bullish internal (strong high 407.00). Nearest demand OB 382.13 - 386.16, supply OB 404.11 - 407.00.
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 398.85 (+0.3%) would be an upside breakout.
- 3 A 1 hour close below 394.89 (-0.7%) 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.