PSX · TEXTILE COMPOSITE
CRTM Bear Pennant forming — 1 Hour chart signal
The Crescent Textile Mills Limited
1 Hour 09 Oct 2026 · 11:30 PKT
Close
56.00
▼ 2.52%
Bear Pennant forming
Chart pattern Against the trend
CRTM is building a bear pennant after a 7.22 drop (6.8x ATR) on the hourly chart.
The flag channel runs between 56.14 and 57.40. A hourly close below 55.93 signals continuation towards 48.92; a close above 57.40 fails the pattern.
Structure: bullish external, bearish internal (strong low 39.45). Nearest demand OB 42.85 - 43.95, supply OB 62.00 - 62.40.