PSX · CHEMICAL · 1 Hour
LCI Bull Pennant forming
Lucky Core Industries Limited · 04 Nov 2026 · 14:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 182.00
- ▲ 0.28%
- Upper line
- 181.93
- 0.0%
- Lower line
- 180.58
- -0.8%
- ATR
- 1.52
- 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
LCI is building a bull pennant after a 7.88 rally (5.2x ATR) on the hourly chart.
The flag channel runs between 180.58 and 181.93. A hourly close above 182.23 signals continuation towards 189.81; a close below 180.58 fails the pattern.
Structure: bearish external, bearish internal (strong high 206.00). Nearest supply OB 189.76 - 190.29.
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 181.93 (0.0%) would be an upside breakout.
- 3 A 1 hour close below 180.58 (-0.8%) 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.