PSX · TEXTILE SPINNING · 30 Min
GADT Bull Pennant forming
Gadoon Textile Mills Limited · 29 Oct 2026 · 11:00 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 279.50
- ▲ 0.00%
- Upper line
- 283.47
- +1.4%
- Lower line
- 275.06
- -1.6%
- ATR
- 3.19
- 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
GADT is building a bull pennant after a 19.98 rally (6.3x ATR) on the 30-minute chart.
The flag channel runs between 275.06 and 283.47. A 30-minute close above 284.11 signals continuation towards 303.45; a close below 275.06 fails the pattern.
Structure: bullish external, bullish internal (strong low 260.00). Nearest demand OB 265.00 - 270.95, supply OB 323.00 - 325.10.
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 283.47 (+1.4%) would be an upside breakout.
- 3 A 30 min close below 275.06 (-1.6%) 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.