PSX · LEATHER & TANNERIES
BATA Bull Pennant breakout — 1 Hour chart signal
Bata Pakistan Limited
1 Hour 12 Oct 2026 · 09:30 PKT
Close
860.00
▲ 0.35%
Bull Pennant breakout
Pattern breakout Against the trend
BATA broke above its bull pennant on the hourly close at 860.00.
Projected target 896.55 (+4.2%). The pattern is invalidated beyond 854.55 (-0.6%), a reward-to-risk of about 6.7 : 1.
Structure: bearish external, bearish internal (strong high 900.00). Nearest supply OB 1,207.11 - 1,210.00.
More for BATA
BATA company page →Bearish break of structure
BATA closed below the external swing low at 842.01 from 14 Sep 14:30 - the bearish trend continues.
14 Oct 2026 · 09:30 PKT Market structure · BOS
Head & Shoulders forming
BATA has completed a head & shoulders on the hourly chart with the head at 900.00 and the neckline at 822.27.
12 Oct 2026 · 13:30 PKT Chart pattern
Bull Pennant forming
BATA is building a bull pennant after a 38.95 rally (6.0x ATR) on the hourly chart.
12 Oct 2026 · 09:30 PKT Chart pattern