PSX · AUTOMOBILE PARTS & ACCESSORIES · 30 Min
GTYR Bull Pennant forming
Ghandhara Tyre & Rubber Company Limited · 11 Nov 2026 · 13:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 24.25
- ▲ 0.21%
- Upper line
- 24.30
- +0.2%
- Lower line
- 24.05
- -0.8%
- ATR
- 0.19
- 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
GTYR is building a bull pennant after a 0.96 rally (5.1x ATR) on the 30-minute chart.
The flag channel runs between 24.05 and 24.30. A 30-minute close above 24.34 signals continuation towards 25.26; a close below 24.05 fails the pattern.
Structure: bearish external, bullish internal (strong high 30.75). Nearest demand OB 22.49 - 22.89, supply OB 24.65 - 24.85.
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 24.30 (+0.2%) would be an upside breakout.
- 3 A 30 min close below 24.05 (-0.8%) 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.