PSX · CEMENT · 30 Min
THCCL Bull Flag forming
Thatta Cement Company Limited · 02 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 73.53
- ▲ 0.04%
- Upper line
- 74.92
- +1.9%
- Lower line
- 73.12
- -0.6%
- ATR
- 1.07
- 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
THCCL is building a bull flag after a 6.55 rally (6.1x ATR) on the 30-minute chart.
The flag channel runs between 73.12 and 74.92. A 30-minute close above 75.13 signals continuation towards 81.47; a close below 73.12 fails the pattern.
Structure: bullish external, bullish internal (strong low 58.13). Nearest demand OB 69.90 - 70.40, supply OB 79.75 - 79.96.
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 74.92 (+1.9%) would be an upside breakout.
- 3 A 30 min close below 73.12 (-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.