PSX · CEMENT · 30 Min
DNCC Bear Pennant forming
Dandot Cement Company Limited · 02 Nov 2026 · 11:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 22.50
- ▼ 1.32%
- Upper line
- 22.71
- +0.9%
- Lower line
- 22.49
- 0.0%
- ATR
- 0.66
- 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 30 Min candles · click to enlarge
The breakdown
DNCC is building a bear pennant after a 3.79 drop (5.7x ATR) on the 30-minute chart.
The flag channel runs between 22.49 and 22.71. A 30-minute close below 22.36 signals continuation towards 18.70; a close above 22.71 fails the pattern.
Structure: bullish external, bearish internal (strong low 22.16). Nearest demand OB 19.60 - 20.00, supply OB 25.25 - 25.85.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 22.71 (+0.9%) would be an upside breakout.
- 3 A 30 min close below 22.49 (0.0%) 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.