PSX · SYNTHETIC & RAYON
NSRM Falling Wedge forming — 1 Hour chart signal
The National Silk & Rayon Mills Limited
1 Hour 09 Oct 2026 · 11:30 PKT
Close
190.31
▼ 4.85%
Falling Wedge forming
Chart pattern Against the trend
NSRM is compressing inside a falling wedge on the hourly chart - 9 swing points, 15.4x ATR wide at the start.
Upper line 204.12, lower line 172.88. The pattern favours an upside resolution: a hourly close above 205.68 confirms an upside breakout, a close below 171.32 a downside break. Still active - first identified on 07 Sep 2026 09:30.
Structure: bearish external, bearish internal (strong high 256.00). Nearest demand OB 162.02 - 176.00, supply OB 200.00 - 207.00.
More for NSRM
NSRM company page →Bullish change of character
NSRM closed above the external strong high at 207.00 - the external trend turns bullish.
14 Oct 2026 · 10:00 PKT Market structure · CHoCH
Falling Wedge breakout
NSRM broke above its falling wedge on the hourly close at 202.00.
13 Oct 2026 · 13:30 PKT Pattern breakout
Falling Wedge breakout
NSRM broke above its falling wedge on the hourly close at 203.00.
13 Oct 2026 · 09:30 PKT Pattern breakout