PSX · VANASPATI & ALLIED INDUSTRIES · Daily
SSOM Bear Flag forming
S.S.Oil Mills Limited · 12 Nov 2026
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 426.45
- ▼ 1.99%
- Upper line
- 452.75
- +6.2%
- Lower line
- 423.33
- -0.7%
- ATR
- 19.00
- 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 Daily candles · click to enlarge
The breakdown
SSOM is building a bear flag after a 140.00 drop (7.4x ATR) on the daily chart.
The flag channel runs between 423.33 and 452.75. A daily close below 419.53 signals continuation towards 283.33; a close above 452.75 fails the pattern.
Structure: bullish external, bullish internal (strong low 53.01). Nearest demand OB 351.10 - 370.00, supply OB 1,005.06 - 1,112.61.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the daily chart.
- 2 A daily close above 452.75 (+6.2%) would be an upside breakout.
- 3 A daily close below 423.33 (-0.7%) 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.