PSX · TEXTILE SPINNING · 30 Min
DSIL Rising Wedge forming
D.S. Industries Limited · 20 Oct 2026 · 15:00 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 24.19
- ▲ 1.64%
- Upper line
- 25.04
- +3.5%
- Lower line
- 23.29
- -3.7%
- ATR
- 0.66
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 30 Min candles · click to enlarge
The breakdown
DSIL is compressing inside a rising wedge on the 30-minute chart - 5 swing points, 6.1x ATR wide at the start.
Upper line 25.04, lower line 23.29. The pattern favours a downside resolution: a 30-minute close above 25.17 confirms an upside breakout, a close below 23.16 a downside break.
Structure: bullish external, bullish internal (strong low 15.07). Nearest demand OB 20.00 - 20.94.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 25.04 (+3.5%) would be an upside breakout.
- 3 A 30 min close below 23.29 (-3.7%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the rising wedge
A rising wedge is two upward-sloping lines that converge; the buying loses momentum and a break below the lower line is usually bearish.
- Confirmation
- A close below the lower wedge line.
- Target
- The wedge's widest height, projected down from the breakout.
- Fails if
- A close back above the lower line or above the wedge's last high.