PSX · SUGAR & ALLIED INDUSTRIES
HABSM Bull Pennant forming — 1 Hour chart signal
Habib Sugar Mills Limited
1 Hour 12 Oct 2026 · 09:30 PKT
Close
80.00
▲ 0.00%
Bull Pennant forming
Chart pattern With the trend
HABSM is building a bull pennant after a 4.45 rally (8.0x ATR) on the hourly chart.
The flag channel runs between 79.27 and 80.48. A hourly close above 80.59 signals continuation towards 84.93; a close below 79.27 fails the pattern.
Structure: bullish external, bearish internal (strong low 70.00). Nearest supply OB 91.00 - 92.90.