PSX · COMMERCIAL BANKS · 1 Hour
SCBPL Bull Flag forming
Standard Chartered Bank (Pak) Ltd · 30 Oct 2026 · 11:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 59.00
- ▼ 1.42%
- Upper line
- 59.91
- +1.5%
- Lower line
- 58.99
- 0.0%
- 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 1 Hour candles · click to enlarge
The breakdown
SCBPL is building a bull flag after a 3.41 rally (5.5x ATR) on the hourly chart.
The flag channel runs between 58.99 and 59.91. A hourly close above 60.03 signals continuation towards 63.32; a close below 58.99 fails the pattern.
Structure: bearish external, bullish internal (strong high 70.89). Nearest demand OB 52.01 - 54.50, supply OB 66.55 - 68.89.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 59.91 (+1.5%) would be an upside breakout.
- 3 A 1 hour close below 58.99 (0.0%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bull 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.