PSX · CEMENT · 30 Min
POWER Bull Flag forming
Power Cement Limited · 19 Oct 2026 · 12:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 21.83
- ▼ 1.09%
- Upper line
- 21.96
- +0.6%
- Lower line
- 21.66
- -0.8%
- ATR
- 0.23
- 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
POWER is building a bull flag after a 1.40 rally (6.1x ATR) on the 30-minute chart.
The flag channel runs between 21.66 and 21.96. A 30-minute close above 22.01 signals continuation towards 23.36; a close below 21.66 fails the pattern.
Structure: bullish external, bullish internal (strong low 19.51). Nearest demand OB 20.83 - 20.86, supply OB 23.85 - 24.35.
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 21.96 (+0.6%) would be an upside breakout.
- 3 A 30 min close below 21.66 (-0.8%) 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.