PSX · COMMERCIAL BANKS · 30 Min
SCBPL Bull Pennant forming
Standard Chartered Bank (Pak) Ltd · 29 Oct 2026 · 15:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 59.91
- ▲ 1.44%
- Upper line
- 59.82
- -0.2%
- Lower line
- 59.07
- -1.4%
- ATR
- 0.48
- 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
SCBPL is building a bull pennant after a 3.44 rally (7.2x ATR) on the 30-minute chart.
The flag channel runs between 59.07 and 59.82. A 30-minute close above 59.92 signals continuation towards 63.26; a close below 59.07 fails the pattern.
Structure: bearish external, bearish internal (strong high 69.00). Nearest demand OB 53.50 - 54.20.
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 59.82 (-0.2%) would be an upside breakout.
- 3 A 30 min close below 59.07 (-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 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.