PSX · FERTILIZER · 1 Hour
AGL Bull Pennant forming
Agritech Limited · 10 Nov 2026 · 10:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 44.30
- ▲ 0.00%
- Upper line
- 44.68
- +0.9%
- Lower line
- 43.56
- -1.7%
- 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
AGL is building a bull pennant after a 3.68 rally (6.0x ATR) on the hourly chart.
The flag channel runs between 43.56 and 44.68. A hourly close above 44.80 signals continuation towards 48.36; a close below 43.56 fails the pattern.
Structure: bullish external, bullish internal (strong low 38.68). Nearest demand OB 41.80 - 42.59, supply OB 45.00 - 45.95.
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 44.68 (+0.9%) would be an upside breakout.
- 3 A 1 hour close below 43.56 (-1.7%) 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.