PSX · MODARABAS · 30 Min
PIM Bull Pennant forming
Popular Islamic Modaraba · 13 Nov 2026 · 14:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 162.80
- ▲ 1.74%
- Upper line
- 164.72
- +1.2%
- Lower line
- 159.51
- -2.0%
- ATR
- 5.01
- 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
PIM is building a bull pennant after a 29.56 rally (5.9x ATR) on the 30-minute chart.
The flag channel runs between 159.51 and 164.72. A 30-minute close above 165.72 signals continuation towards 194.28; a close below 159.51 fails the pattern.
Structure: bullish external, bearish internal (strong low 98.20). Nearest demand OB 119.58 - 128.00.
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 164.72 (+1.2%) would be an upside breakout.
- 3 A 30 min close below 159.51 (-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.