PSX · REFINERY
CNERGY Bear Pennant forming — 1 Hour chart signal
Cnergyico PK Limited
1 Hour 13 Oct 2026 · 11:30 PKT
Close
12.32
▼ 0.40%
Bear Pennant forming
Chart pattern Against the trend
CNERGY is building a bear pennant after a 0.91 drop (5.7x ATR) on the hourly chart.
The flag channel runs between 12.33 and 12.37. A hourly close below 12.30 signals continuation towards 11.42; a close above 12.37 fails the pattern.
Structure: bullish external, bearish internal (strong low 9.73). Nearest demand OB 11.41 - 11.50, supply OB 13.69 - 14.33.