PSX · PAPER, BOARD & PACKAGING · 30 Min
PPP Bull Flag forming
Pakistan Paper Products Limited · 11 Nov 2026 · 12:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 121.79
- ▲ 0.24%
- Upper line
- 122.01
- +0.2%
- Lower line
- 119.98
- -1.5%
- ATR
- 1.18
- 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
PPP is building a bull flag after a 5.99 rally (5.1x ATR) on the 30-minute chart.
The flag channel runs between 119.98 and 122.01. A 30-minute close above 122.25 signals continuation towards 128.00; a close below 119.98 fails the pattern.
Structure: bearish external, bullish internal (strong high 198.00). Nearest demand OB 112.90 - 113.50, supply OB 138.70 - 139.00.
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 122.01 (+0.2%) would be an upside breakout.
- 3 A 30 min close below 119.98 (-1.5%) 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.