PSX · TEXTILE COMPOSITE

CRTM Bear Pennant breakdown — 1 Hour chart signal

The Crescent Textile Mills Limited

1 Hour 12 Oct 2026 · 09:30 PKT

56.00

▲ 0.00%

▼ Bearish

Bear Pennant breakdown

Pattern breakout Against the trend

CRTM broke below its bear pennant on the hourly close at 56.00.

Projected target 48.98 (-12.5%). The pattern is invalidated beyond 57.45 (+2.6%), a reward-to-risk of about 4.8 : 1.

Structure: bullish external, bearish internal (strong low 39.45). Nearest demand OB 42.85 - 43.95, supply OB 62.00 - 62.40.

Levels 1 Hour

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CRTM is building a bear pennant after a 7.22 drop (6.8x ATR) on the hourly chart.

09 Oct 2026 · 11:30 PKT Chart pattern