PSX · POWER GENERATION & DISTRIBUTION · 30 Min
KOHE Bull Pennant forming
Kohinoor Energy Limited · 26 Oct 2026 · 12:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 16.41
- ▼ 0.55%
- Upper line
- 16.78
- +2.3%
- Lower line
- 16.24
- -1.0%
- ATR
- 0.25
- 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
KOHE is building a bull pennant after a 3.00 rally (12.2x ATR) on the 30-minute chart.
The flag channel runs between 16.24 and 16.78. A 30-minute close above 16.83 signals continuation towards 19.78; a close below 16.24 fails the pattern.
Structure: bullish external, bullish internal (strong low 13.50). Nearest demand OB 14.41 - 14.64.
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 16.78 (+2.3%) would be an upside breakout.
- 3 A 30 min close below 16.24 (-1.0%) 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.