PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 1 Hour
DEL Bull Flag forming
Dawood Equities Limited · 22 Oct 2026 · 13:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 17.55
- ▲ 0.86%
- Upper line
- 18.10
- +3.1%
- Lower line
- 16.95
- -3.4%
- ATR
- 0.59
- 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
DEL is building a bull flag after a 3.03 rally (5.1x ATR) on the hourly chart.
The flag channel runs between 16.95 and 18.10. A hourly close above 18.22 signals continuation towards 21.13; a close below 16.95 fails the pattern.
Structure: bearish external, bearish internal (strong high 32.38). Nearest supply OB 21.50 - 22.49.
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 18.10 (+3.1%) would be an upside breakout.
- 3 A 1 hour close below 16.95 (-3.4%) 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.