PSX · CEMENT · 30 Min
MLCF Bull Pennant forming
Maple Leaf Cement Factory Limited · 28 Oct 2026 · 10:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 90.50
- ▲ 0.11%
- Upper line
- 90.92
- +0.5%
- Lower line
- 89.93
- -0.6%
- ATR
- 0.62
- 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
MLCF is building a bull pennant after a 5.70 rally (9.3x ATR) on the 30-minute chart.
The flag channel runs between 89.93 and 90.92. A 30-minute close above 91.04 signals continuation towards 96.62; a close below 89.93 fails the pattern.
Structure: bearish external, bullish internal (strong high 93.25). Nearest demand OB 84.51 - 85.20, supply OB 92.35 - 93.25.
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 90.92 (+0.5%) would be an upside breakout.
- 3 A 30 min close below 89.93 (-0.6%) 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.