PSX · FOOD & PERSONAL CARE PRODUCTS
NESTLE Bear Pennant forming — 30 Min chart signal
Nestle Pakistan Limited
30 Min 16 Oct 2026 · 14:30 PKT
Close
7,000.00
▲ 0.00%
Bear Pennant forming
Chart pattern With the trend
NESTLE is building a bear pennant after a 301.35 drop (14.9x ATR) on the 30-minute chart.
The flag channel runs between 6,993.78 and 7,020.47. A 30-minute close below 6,989.74 signals continuation towards 6,692.43; a close above 7,020.47 fails the pattern.
Structure: bearish external, bearish internal (strong high 7,100.00). Nearest supply OB 7,750.00 - 7,800.00.
More for NESTLE
NESTLE company page →Bear Pennant breakdown
NESTLE broke below its bear pennant on the 30-minute close at 6,970.00.
16 Oct 2026 · 15:30 PKT Pattern breakout
Bearish break of structure
NESTLE closed below the external swing low at 6,965.01 from 05 Oct 10:30 - the bearish trend continues.
12 Oct 2026 · 11:30 PKT Market structure · BOS
Bearish break of structure
NESTLE closed below the external swing low at 6,965.01 from 05 Oct 10:30 - the bearish trend continues.
09 Oct 2026 · 14:30 PKT Market structure · BOS