PSX · CHEMICAL · 30 Min
ICL Bull Flag forming
Ittehad Chemicals Limted · 29 Oct 2026 · 15:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 129.00
- ▲ 0.39%
- Upper line
- 129.51
- +0.4%
- Lower line
- 127.20
- -1.4%
- ATR
- 1.77
- 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
ICL is building a bull flag after a 9.33 rally (5.3x ATR) on the 30-minute chart.
The flag channel runs between 127.20 and 129.51. A 30-minute close above 129.86 signals continuation towards 138.84; a close below 127.20 fails the pattern.
Structure: bearish external, bearish internal (strong high 131.90). Nearest supply OB 136.95 - 137.00.
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 129.51 (+0.4%) would be an upside breakout.
- 3 A 30 min close below 127.20 (-1.4%) 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.