PSX · PAPER, BOARD & PACKAGING · 1 Hour
RPL Bear Pennant forming
Roshan Packages Limited · 22 Oct 2026 · 12:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 14.23
- ▼ 0.14%
- Upper line
- 14.31
- +0.6%
- Lower line
- 14.03
- -1.4%
- ATR
- 0.22
- 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 1 Hour candles · click to enlarge
The breakdown
RPL is building a bear pennant after a 1.70 drop (7.9x ATR) on the hourly chart.
The flag channel runs between 14.03 and 14.31. A hourly close below 13.99 signals continuation towards 12.33; a close above 14.31 fails the pattern.
Structure: bearish external, bullish internal (strong high 21.20). Nearest demand OB 13.66 - 13.75, supply OB 17.25 - 17.70.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 14.31 (+0.6%) would be an upside breakout.
- 3 A 1 hour close below 14.03 (-1.4%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bear pennant
A bear pennant is a sharp fall followed by a small symmetrical triangle; a break below it usually continues the fall.
- Confirmation
- A close below the pennant.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the pennant.