PSX · MODARABAS · 30 Min
PIM Bull Pennant forming
Popular Islamic Modaraba · 26 Oct 2026 · 13:00 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 133.90
- ▲ 0.00%
- Upper line
- 138.67
- +3.6%
- Lower line
- 128.60
- -4.0%
- ATR
- 4.79
- 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
PIM is building a bull pennant after a 35.74 rally (7.5x ATR) on the 30-minute chart.
The flag channel runs between 128.60 and 138.67. A 30-minute close above 139.63 signals continuation towards 174.41; a close below 128.60 fails the pattern.
Structure: bullish external, bullish internal (strong low 105.26). Nearest demand OB 85.80 - 87.86.
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 138.67 (+3.6%) would be an upside breakout.
- 3 A 30 min close below 128.60 (-4.0%) 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.