PSX · JUTE
CJPL Descending Triangle forming — 30 Min chart signal
Crescent Jute Products Limited
30 Min 15 Oct 2026 · 10:30 PKT
Close
15.10
▲ 2.23%
Descending Triangle forming
Chart pattern With the trend
CJPL is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 10.0x ATR wide at the start.
Upper line 15.17, lower line 14.12. The pattern favours a downside resolution: a 30-minute close above 15.23 confirms an upside breakout, a close below 14.06 a downside break.
Structure: bearish external, bearish internal (strong high 18.55). Nearest demand OB 13.00 - 13.40, supply OB 16.25 - 16.33.