PSX · LEASING COMPANIES · 30 Min
GRYL Bull Pennant forming
Grays Leasing Limited · 20 Oct 2026 · 11:00 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 31.40
- ▲ 0.03%
- Upper line
- 31.74
- +1.1%
- Lower line
- 30.83
- -1.8%
- ATR
- 0.99
- 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
GRYL is building a bull pennant after a 8.00 rally (8.1x ATR) on the 30-minute chart.
The flag channel runs between 30.83 and 31.74. A 30-minute close above 31.94 signals continuation towards 39.74; a close below 30.83 fails the pattern.
Structure: bullish external, bullish internal (strong low 18.00). Nearest demand OB 22.01 - 23.70.
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 31.74 (+1.1%) would be an upside breakout.
- 3 A 30 min close below 30.83 (-1.8%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bull 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.