PSX · SYNTHETIC & RAYON
NSRM Falling Wedge breakout — 1 Hour chart signal
The National Silk & Rayon Mills Limited
1 Hour 13 Oct 2026 · 09:30 PKT
Close
203.00
▲ 1.50%
Falling Wedge breakout
Pattern breakout Against the trend
NSRM broke above its falling wedge on the hourly close at 203.00.
Projected target 291.51 (+43.6%). The pattern is invalidated beyond 192.51 (-5.2%), a reward-to-risk of about 8.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 256.00). Nearest demand OB 162.02 - 176.00, supply OB 258.00 - 259.00.
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 forming
NSRM is compressing inside a falling wedge on the hourly chart - 9 swing points, 15.4x ATR wide at the start.
09 Oct 2026 · 11:30 PKT Chart pattern