PSX · AUTOMOBILE PARTS & ACCESSORIES · 30 Min
EXIDE Bull Flag forming
Exide Pakistan Limited · 06 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 413.00
- ▲ 2.22%
- Upper line
- 418.00
- +1.2%
- Lower line
- 403.97
- -2.2%
- ATR
- 5.85
- 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
EXIDE is building a bull flag after a 47.80 rally (8.2x ATR) on the 30-minute chart.
The flag channel runs between 403.97 and 418.00. A 30-minute close above 419.17 signals continuation towards 465.80; a close below 403.97 fails the pattern.
Structure: bullish external, bullish internal (strong low 358.50). Nearest supply OB 539.00 - 541.99.
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 418.00 (+1.2%) would be an upside breakout.
- 3 A 30 min close below 403.97 (-2.2%) 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.