PSX · TECHNOLOGY & COMMUNICATION · 1 Hour
TPL Bull Pennant forming
TPL Corp Limited · 10 Nov 2026 · 13:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 25.63
- ▼ 0.66%
- Upper line
- 25.71
- +0.3%
- Lower line
- 25.11
- -2.0%
- ATR
- 0.49
- 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
TPL is building a bull pennant after a 3.07 rally (6.3x ATR) on the hourly chart.
The flag channel runs between 25.11 and 25.71. A hourly close above 25.81 signals continuation towards 28.78; a close below 25.11 fails the pattern.
Structure: bullish external, bearish internal (strong low 19.30). Nearest demand OB 21.11 - 21.30.
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 25.71 (+0.3%) would be an upside breakout.
- 3 A 1 hour close below 25.11 (-2.0%) 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.