PSX · JUTE
CJPL Descending Triangle breakout — 30 Min chart signal
Crescent Jute Products Limited
30 Min 15 Oct 2026 · 11:00 PKT
Close
15.49
▲ 2.58%
Descending Triangle breakout
Pattern breakout Against the trend
CJPL broke above its descending triangle on the 30-minute close at 15.49.
Projected target 16.76 (+8.2%). The pattern is invalidated beyond 14.22 (-8.2%), a reward-to-risk of about 1.0 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 18.55). Nearest demand OB 13.00 - 13.40, supply OB 16.25 - 16.33.