PSX · TEXTILE WEAVING
PRWM Descending Triangle forming — 1 Hour chart signal
Prosperity Weaving Mills Limited
1 Hour 15 Oct 2026 · 14:30 PKT
Close
58.80
▲ 0.05%
Descending Triangle forming
Chart pattern Against the trend
PRWM is compressing inside a descending triangle on the hourly chart - 5 swing points, 10.3x ATR wide at the start.
Upper line 62.22, lower line 58.71. The pattern favours a downside resolution: a hourly close above 62.47 confirms an upside breakout, a close below 58.46 a downside break.
Structure: bullish external, bearish internal (strong low 52.50). Nearest demand OB 46.00 - 48.00.