PSX · INV. BANKS / INV. COS. / SECURITIES COS.
ESBL Descending Triangle breakout — 1 Hour chart signal
Escorts Investment Bank Limited
1 Hour 15 Oct 2026 · 10:30 PKT
Close
10.98
▲ 4.97%
Descending Triangle breakout
Pattern breakout Against the trend
ESBL broke above its descending triangle on the hourly close at 10.98.
Projected target 11.62 (+5.8%). The pattern is invalidated beyond 9.91 (-9.7%), a reward-to-risk of about 0.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 18.98). Nearest demand OB 9.25 - 9.35, supply OB 12.02 - 12.29.