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ICIBL Bull Pennant forming — 30 Min chart signal
Invest Capital Investment Bank Limited
30 Min 16 Oct 2026 · 09:00 PKT
Close
16.45
▲ 2.94%
Bull Pennant forming
Chart pattern Against the trend
ICIBL is building a bull pennant after a 1.27 rally (5.2x ATR) on the 30-minute chart.
The flag channel runs between 15.97 and 16.17. A 30-minute close above 16.22 signals continuation towards 17.44; a close below 15.97 fails the pattern.
Structure: bearish external, bullish internal (strong high 17.57). Nearest demand OB 15.80 - 16.25, supply OB 17.43 - 17.44.