PSX · VANASPATI & ALLIED INDUSTRIES
POML Bear Pennant forming — 1 Hour chart signal
Punjab Oil Mills Limited
1 Hour 16 Oct 2026 · 11:30 PKT
Close
146.00
▲ 1.09%
Bear Pennant forming
Chart pattern With the trend
POML is building a bear pennant after a 20.00 drop (5.5x ATR) on the hourly chart.
The flag channel runs between 147.02 and 150.94. A hourly close below 146.29 signals continuation towards 127.02; a close above 150.94 fails the pattern.
Structure: bearish external, bearish internal (strong high 205.00). Nearest demand OB 125.02 - 126.00.
More for POML
POML company page →Bear Pennant breakdown
POML broke below its bear pennant on the hourly close at 146.00.
16 Oct 2026 · 11:30 PKT Pattern breakout
Symmetrical Triangle breakdown
POML broke below its symmetrical triangle on the 30-minute close at 142.10.
09 Oct 2026 · 10:00 PKT Pattern breakout