PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
CHAS Bull Flag forming
Chashma Sugar Mills Limited · 21 Oct 2026 · 12:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 94.50
- ▼ 0.53%
- Upper line
- 96.64
- +2.3%
- Lower line
- 91.89
- -2.8%
- ATR
- 1.95
- 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
CHAS is building a bull flag after a 15.00 rally (7.7x ATR) on the 30-minute chart.
The flag channel runs between 91.89 and 96.64. A 30-minute close above 97.03 signals continuation towards 111.64; a close below 91.89 fails the pattern.
Structure: bullish external, bullish internal (strong low 71.35). Nearest demand OB 82.00 - 82.60, supply OB 100.60 - 102.90.
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 96.64 (+2.3%) would be an upside breakout.
- 3 A 30 min close below 91.89 (-2.8%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bull 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.