PSX · COMMERCIAL BANKS · 30 Min
AKBL Bull Pennant forming
Askari Bank Limited · 29 Oct 2026 · 12:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 108.80
- ▲ 0.30%
- Upper line
- 108.84
- +0.0%
- Lower line
- 108.39
- -0.4%
- ATR
- 0.62
- 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
AKBL is building a bull pennant after a 3.10 rally (5.0x ATR) on the 30-minute chart.
The flag channel runs between 108.39 and 108.84. A 30-minute close above 108.96 signals continuation towards 111.94; a close below 108.39 fails the pattern.
Structure: bearish external, bearish internal (strong high 111.98). Nearest demand OB 94.45 - 94.95, supply OB 113.41 - 114.38.
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 108.84 (+0.0%) would be an upside breakout.
- 3 A 30 min close below 108.39 (-0.4%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bull 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.