PSX · PAPER, BOARD & PACKAGING · Daily
CPPL Bear Flag forming
Cherat Packaging Limited · 20 Oct 2026
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 92.25
- ▼ 1.87%
- Upper line
- 97.67
- +5.9%
- Lower line
- 91.68
- -0.6%
- ATR
- 3.20
- 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 Daily candles · click to enlarge
The breakdown
CPPL is building a bear flag after a 16.98 drop (5.3x ATR) on the daily chart.
The flag channel runs between 91.68 and 97.67. A daily close below 91.04 signals continuation towards 74.70; a close above 97.67 fails the pattern.
Structure: bearish external, bearish internal (strong high 152.89). Nearest demand OB 65.00 - 68.99, supply OB 99.00 - 102.00.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the daily chart.
- 2 A daily close above 97.67 (+5.9%) would be an upside breakout.
- 3 A daily close below 91.68 (-0.6%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bear flag
A bear flag is a sharp fall (the pole) followed by a short, gently rising channel (the flag); a break below the flag usually resumes the fall.
- Confirmation
- A close below the flag's lower line.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the flag's upper line.