PSX · CHEMICAL · Daily
BUXL Bear Pennant forming
Buxly Paints Limited · 13 Nov 2026
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 330.41
- ▼ 1.60%
- Upper line
- 358.06
- +8.4%
- Lower line
- 305.90
- -7.4%
- ATR
- 28.94
- 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
BUXL is building a bear pennant after a 275.50 drop (9.5x ATR) on the daily chart.
The flag channel runs between 305.90 and 358.06. A daily close below 300.11 signals continuation towards 30.40; a close above 358.06 fails the pattern.
Structure: bullish external, bearish internal (strong low 61.50). Nearest demand OB 188.50 - 193.98, supply OB 500.01 - 527.68.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the daily chart.
- 2 A daily close above 358.06 (+8.4%) would be an upside breakout.
- 3 A daily close below 305.90 (-7.4%) 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.