PSX · CEMENT · 1 Hour
KOHC Bull Pennant forming
Kohat Cement Company Limited · 05 Nov 2026 · 14:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 97.00
- ▲ 1.68%
- Upper line
- 96.67
- -0.3%
- Lower line
- 94.35
- -2.7%
- ATR
- 1.73
- 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
KOHC is building a bull pennant after a 13.00 rally (7.5x ATR) on the hourly chart.
The flag channel runs between 94.35 and 96.67. A hourly close above 97.02 signals continuation towards 109.67; a close below 94.35 fails the pattern.
Structure: bullish external, bullish internal (strong low 76.50). Nearest demand OB 85.00 - 85.85, supply OB 97.25 - 98.10.
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 96.67 (-0.3%) would be an upside breakout.
- 3 A 1 hour close below 94.35 (-2.7%) 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.