PSX · LEATHER & TANNERIES
BATA Bull Pennant forming — 1 Hour chart signal
Bata Pakistan Limited
1 Hour 12 Oct 2026 · 09:30 PKT
Close
860.00
▲ 0.35%
Bull Pennant forming
Chart pattern Against the trend
BATA is building a bull pennant after a 38.95 rally (6.0x ATR) on the hourly chart.
The flag channel runs between 855.28 and 857.60. A hourly close above 858.91 signals continuation towards 896.55; a close below 855.28 fails the pattern.
Structure: bearish external, bearish internal (strong high 900.00). Nearest supply OB 1,207.11 - 1,210.00.
More for BATA
BATA company page →Bearish break of structure
BATA closed below the external swing low at 842.01 from 14 Sep 14:30 - the bearish trend continues.
14 Oct 2026 · 09:30 PKT Market structure · BOS
Head & Shoulders forming
BATA has completed a head & shoulders on the hourly chart with the head at 900.00 and the neckline at 822.27.
12 Oct 2026 · 13:30 PKT Chart pattern
Bull Pennant breakout
BATA broke above its bull pennant on the hourly close at 860.00.
12 Oct 2026 · 09:30 PKT Pattern breakout