PSX · TEXTILE COMPOSITE · 30 Min
NCL Bull Flag forming
Nishat Chunian Limited · 12 Nov 2026 · 10:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 44.38
- ▼ 0.83%
- Upper line
- 44.77
- +0.9%
- Lower line
- 44.25
- -0.3%
- ATR
- 0.33
- 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
NCL is building a bull flag after a 2.49 rally (7.5x ATR) on the 30-minute chart.
The flag channel runs between 44.25 and 44.77. A 30-minute close above 44.84 signals continuation towards 47.26; a close below 44.25 fails the pattern.
Structure: bullish external, bullish internal (strong low 34.50). Nearest demand OB 34.53 - 34.90.
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 44.77 (+0.9%) would be an upside breakout.
- 3 A 30 min close below 44.25 (-0.3%) 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.