PSX · AUTOMOBILE ASSEMBLER · 30 Min
HCAR Bear Flag forming
Honda Atlas Cars (Pakistan) Limited · 03 Nov 2026 · 11:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 194.07
- ▼ 0.53%
- Upper line
- 197.50
- +1.8%
- Lower line
- 193.88
- -0.1%
- ATR
- 1.65
- 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
HCAR is building a bear flag after a 10.68 drop (6.5x ATR) on the 30-minute chart.
The flag channel runs between 193.88 and 197.50. A 30-minute close below 193.55 signals continuation towards 183.20; a close above 197.50 fails the pattern.
Structure: bearish external, bearish internal (strong high 204.00). Nearest demand OB 178.56 - 179.90, supply OB 197.80 - 200.00.
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 197.50 (+1.8%) would be an upside breakout.
- 3 A 30 min close below 193.88 (-0.1%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bear flag
A bear flag is a sharp fall (the pole) followed by a short, gently rising channel (the flag); a break below the flag usually resumes the fall.
- Confirmation
- A close below the flag's lower line.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the flag's upper line.