PSX · POWER GENERATION & DISTRIBUTION · 30 Min
NPL Bear Pennant forming
Nishat Power Limited · 29 Oct 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 52.90
- ▼ 0.19%
- Upper line
- 53.78
- +1.7%
- Lower line
- 52.67
- -0.4%
- ATR
- 0.79
- 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
NPL is building a bear pennant after a 5.50 drop (7.0x ATR) on the 30-minute chart.
The flag channel runs between 52.67 and 53.78. A 30-minute close below 52.51 signals continuation towards 47.17; a close above 53.78 fails the pattern.
Structure: bearish external, bullish internal (strong high 57.54). Nearest demand OB 51.70 - 52.39, supply OB 61.20 - 61.97.
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 53.78 (+1.7%) would be an upside breakout.
- 3 A 30 min close below 52.67 (-0.4%) 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.