PSX · TEXTILE WEAVING
PRWM Descending Triangle breakout — 30 Min chart signal
Prosperity Weaving Mills Limited
30 Min 16 Oct 2026 · 09:30 PKT
Close
61.89
▲ 5.26%
Descending Triangle breakout
Pattern breakout With the trend
PRWM broke above its descending triangle on the 30-minute close at 61.89.
Projected target 66.99 (+8.2%). The pattern is invalidated beyond 58.00 (-6.3%), a reward-to-risk of about 1.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 52.50). Nearest demand OB 49.93 - 52.10.
More for PRWM
PRWM company page →Descending Triangle forming
PRWM is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 9.5x ATR wide at the start.
16 Oct 2026 · 09:30 PKT Chart pattern
Descending Triangle forming
PRWM is compressing inside a descending triangle on the hourly chart - 5 swing points, 10.3x ATR wide at the start.
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