PSX · SYNTHETIC & RAYON · 30 Min
NSRM Bull Pennant forming
The National Silk & Rayon Mills Limited · 05 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 203.00
- ▲ 4.10%
- Upper line
- 202.56
- -0.2%
- Lower line
- 196.00
- -3.4%
- ATR
- 5.37
- 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
NSRM is building a bull pennant after a 30.00 rally (5.6x ATR) on the 30-minute chart.
The flag channel runs between 196.00 and 202.56. A 30-minute close above 203.63 signals continuation towards 232.56; a close below 196.00 fails the pattern.
Structure: bullish external, bullish internal (strong low 180.00). Nearest demand OB 145.51 - 159.60, supply OB 273.69 - 274.90.
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 202.56 (-0.2%) would be an upside breakout.
- 3 A 30 min close below 196.00 (-3.4%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bull 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.