PSX · POWER GENERATION & DISTRIBUTION · 1 Hour
KAPCO Bear Pennant forming
Kot Addu Power Company Limited · 30 Oct 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 24.32
- ▲ 0.17%
- Upper line
- 24.43
- +0.5%
- Lower line
- 24.02
- -1.2%
- 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
KAPCO is building a bear pennant after a 1.69 drop (7.6x ATR) on the hourly chart.
The flag channel runs between 24.02 and 24.43. A hourly close below 23.98 signals continuation towards 22.33; a close above 24.43 fails the pattern.
Structure: bearish external, bullish internal (strong high 26.98). Nearest supply OB 33.31 - 33.58.
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 24.43 (+0.5%) would be an upside breakout.
- 3 A 1 hour close below 24.02 (-1.2%) 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.