PSX · POWER GENERATION & DISTRIBUTION · 30 Min
KOHP Bull Pennant forming
Kohinoor Power Company Limited · 19 Oct 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 24.01
- ▲ 1.22%
- Upper line
- 24.01
- 0.0%
- Lower line
- 23.83
- -0.7%
- ATR
- 0.60
- 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
KOHP is building a bull pennant after a 4.45 rally (7.4x ATR) on the 30-minute chart.
The flag channel runs between 23.83 and 24.01. A 30-minute close above 24.13 signals continuation towards 28.46; a close below 23.83 fails the pattern.
Structure: bearish external, bullish internal (strong high 35.31). Nearest demand OB 19.50 - 19.61, supply OB 29.42 - 29.74.
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 24.01 (0.0%) would be an upside breakout.
- 3 A 30 min close below 23.83 (-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 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.