PSX · MISCELLANEOUS · 1 Hour
DIIL Bear Pennant forming
Diamond Industries Limited · 05 Nov 2026 · 10:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 76.00
- ▼ 1.30%
- Upper line
- 78.55
- +3.4%
- Lower line
- 75.55
- -0.6%
- ATR
- 2.90
- 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
DIIL is building a bear pennant after a 18.69 drop (6.4x ATR) on the hourly chart.
The flag channel runs between 75.55 and 78.55. A hourly close below 74.97 signals continuation towards 56.86; a close above 78.55 fails the pattern.
Structure: bullish external, bearish internal (strong low 60.00). Nearest demand OB 62.00 - 66.96.
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 78.55 (+3.4%) would be an upside breakout.
- 3 A 1 hour close below 75.55 (-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 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.