PSX · GLASS & CERAMICS · 30 Min
FRCL Bull Pennant forming
Frontier Ceramics Limited · 13 Nov 2026 · 16:00 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 100.00
- ▼ 0.25%
- Upper line
- 100.53
- +0.5%
- Lower line
- 100.79
- +0.8%
- ATR
- 2.49
- 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 30 Min candles · click to enlarge
The breakdown
FRCL is building a bull pennant after a 23.33 rally (9.4x ATR) on the 30-minute chart.
The flag channel runs between 100.79 and 100.53. A 30-minute close above 101.03 signals continuation towards 123.86; a close below 100.79 fails the pattern.
Structure: bullish external, bullish internal (strong low 64.00). Nearest demand OB 85.22 - 89.72.
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 100.53 (+0.5%) would be an upside breakout.
- 3 A 30 min close below 100.79 (+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.