PSX · INV. BANKS / INV. COS. / SECURITIES COS.
ESBL Descending Triangle forming — 1 Hour chart signal
Escorts Investment Bank Limited
1 Hour 15 Oct 2026 · 10:30 PKT
Close
10.98
▲ 4.97%
Descending Triangle forming
Chart pattern With the trend
ESBL is compressing inside a descending triangle on the hourly chart - 5 swing points, 6.0x ATR wide at the start.
Upper line 10.42, lower line 9.79. The pattern favours a downside resolution: a hourly close above 10.49 confirms an upside breakout, a close below 9.72 a downside break.
Structure: bearish external, bullish internal (strong high 18.98). Nearest demand OB 9.25 - 9.35, supply OB 12.02 - 12.29.