PSX · FOOD & PERSONAL CARE PRODUCTS
NESTLE Bear Pennant breakdown — 30 Min chart signal
Nestle Pakistan Limited
30 Min 16 Oct 2026 · 15:30 PKT
Close
6,970.00
▼ 0.36%
Bear Pennant breakdown
Pattern breakout With the trend
NESTLE broke below its bear pennant on the 30-minute close at 6,970.00.
Projected target 6,696.37 (-3.9%). The pattern is invalidated beyond 7,021.98 (+0.7%), a reward-to-risk of about 5.3 : 1.
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 forming
NESTLE is building a bear pennant after a 301.35 drop (14.9x ATR) on the 30-minute chart.
16 Oct 2026 · 14:30 PKT Chart pattern
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