PSX · TEXTILE COMPOSITE
BHAT Descending Triangle forming — Daily chart signal
Bhanero Textile Mills Limited
Daily 08 Oct 2026
Close
780.02
▼ 0.63%
Descending Triangle forming
Chart pattern With the trend
BHAT is compressing inside a descending triangle on the daily chart - 5 swing points, 9.4x ATR wide at the start.
Upper line 933.78, lower line 759.19. The pattern favours a downside resolution: a daily close above 940.64 confirms an upside breakout, a close below 752.33 a downside break. Still active - first identified on 05 Oct 2026.
Structure: bearish external, bullish internal (strong high 1,300.00). Nearest demand OB 399.00 - 429.99, supply OB 1,250.00 - 1,300.00.