PSX · CEMENT
BWCL Bear Pennant forming — Daily chart signal
Bestway Cement Limited
Daily 12 Oct 2026
Close
439.11
▼ 1.14%
Bear Pennant forming
Chart pattern Against the trend
BWCL is building a bear pennant after a 63.00 drop (8.7x ATR) on the daily chart.
The flag channel runs between 438.50 and 449.76. A daily close below 437.05 signals continuation towards 375.50; a close above 449.76 fails the pattern.
Structure: bullish external, bullish internal (strong low 201.01). Nearest demand OB 399.51 - 424.00, supply OB 525.20 - 533.57.