PSX · TEXTILE WEAVING
PRWM Descending Triangle breakdown — 1 Hour chart signal
Prosperity Weaving Mills Limited
1 Hour 16 Oct 2026 · 15:30 PKT
Close
58.20
▼ 1.36%
Descending Triangle breakdown
Pattern breakout Against the trend
PRWM broke below its descending triangle on the hourly close at 58.20.
Projected target 51.19 (-12.0%). The pattern is invalidated beyond 61.85 (+6.3%), a reward-to-risk of about 1.9 : 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 46.00 - 48.00.
More for PRWM
PRWM company page →Descending Triangle breakout
PRWM broke above its descending triangle on the 30-minute close at 61.89.
16 Oct 2026 · 09:30 PKT Pattern breakout
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.
15 Oct 2026 · 14:30 PKT Chart pattern