PSX · POWER GENERATION & DISTRIBUTION · 30 Min
NPL Bear Flag forming
Nishat Power Limited · 03 Nov 2026 · 10:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 51.02
- ▲ 0.53%
- Upper line
- 51.64
- +1.2%
- Lower line
- 50.35
- -1.3%
- ATR
- 0.60
- 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 flag after a 4.14 drop (6.9x ATR) on the 30-minute chart.
The flag channel runs between 50.35 and 51.64. A 30-minute close below 50.23 signals continuation towards 46.21; a close above 51.64 fails the pattern.
Structure: bearish external, bullish internal (strong high 58.80). Nearest demand OB 50.20 - 50.90, supply OB 52.61 - 53.48.
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 51.64 (+1.2%) would be an upside breakout.
- 3 A 30 min close below 50.35 (-1.3%) 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.