PSX · PHARMACEUTICALS
HPL Descending Triangle forming — 30 Min chart signal
Hoechst Pakistan Limited
30 Min 14 Oct 2026 · 11:00 PKT
Close
3,945.01
▼ 0.98%
Descending Triangle forming
Chart pattern Against the trend
HPL is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 14.5x ATR wide at the start.
Upper line 3,997.76, lower line 3,936.24. The pattern favours a downside resolution: a 30-minute close above 4,000.53 confirms an upside breakout, a close below 3,933.47 a downside break.
Structure: bullish external, bearish internal (strong low 3,602.00). Nearest supply OB 4,512.91 - 4,650.00.