PSX · CABLE & ELECTRICAL GOODS
EMCO Falling Wedge breakout — 1 Hour chart signal
Emco Industries Limited
1 Hour 09 Oct 2026 · 14:30 PKT
Close
31.00
▲ 2.82%
Falling Wedge breakout
Pattern breakout Against the trend
EMCO broke above its falling wedge on the hourly close at 31.00.
Projected target 35.85 (+15.6%). The pattern is invalidated beyond 30.10 (-2.9%), a reward-to-risk of about 5.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 46.88). Nearest supply OB 33.51 - 34.99.
More for EMCO
EMCO company page →Bullish change of character
EMCO closed above the external strong high at 32.99 - the external trend turns bullish.
12 Oct 2026 · 11:30 PKT Market structure · CHoCH
Falling Wedge forming
EMCO is compressing inside a falling wedge on the hourly chart - 6 swing points, 10.4x ATR wide at the start.
09 Oct 2026 · 11:30 PKT Chart pattern