PSX · SYNTHETIC & RAYON
IMAGE Bear Pennant forming — 1 Hour chart signal
Image Pakistan Limited
1 Hour 12 Oct 2026 · 09:30 PKT
Close
23.00
▲ 0.13%
Bear Pennant forming
Chart pattern With the trend
IMAGE is building a bear pennant after a 3.00 drop (11.1x ATR) on the hourly chart.
The flag channel runs between 22.82 and 22.79. A hourly close below 22.77 signals continuation towards 19.82; a close above 22.79 fails the pattern.
Structure: bearish external, bearish internal (strong high 28.05). Nearest demand OB 19.87 - 20.24, supply OB 27.00 - 27.75.