PSX · AUTOMOBILE ASSEMBLER · 1 Hour
MTL Bull Flag forming
Millat Tractors Limited · 06 Nov 2026 · 15:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 292.50
- ▲ 0.35%
- Upper line
- 293.67
- +0.4%
- Lower line
- 288.39
- -1.4%
- ATR
- 2.40
- 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
MTL is building a bull flag after a 15.99 rally (6.7x ATR) on the hourly chart.
The flag channel runs between 288.39 and 293.67. A hourly close above 294.15 signals continuation towards 309.66; a close below 288.39 fails the pattern.
Structure: bearish external, bullish internal (strong high 318.90). Nearest demand OB 279.00 - 282.20, supply OB 302.02 - 304.00.
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 293.67 (+0.4%) would be an upside breakout.
- 3 A 1 hour close below 288.39 (-1.4%) 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.