PSX · TEXTILE COMPOSITE · 30 Min
ZAHID Falling Wedge forming
Zahidjee Textile Mills Limited · 22 Oct 2026 · 10:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 59.10
- ▼ 0.10%
- Upper line
- 61.17
- +3.5%
- Lower line
- 55.13
- -6.7%
- ATR
- 1.53
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 30 Min candles · click to enlarge
The breakdown
ZAHID is compressing inside a falling wedge on the 30-minute chart - 5 swing points, 7.2x ATR wide at the start.
Upper line 61.17, lower line 55.13. The pattern favours an upside resolution: a 30-minute close above 61.48 confirms an upside breakout, a close below 54.82 a downside break.
Structure: bearish external, bearish internal (strong high 69.49). Nearest demand OB 52.50 - 53.25, supply OB 72.00 - 74.50.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 61.17 (+3.5%) would be an upside breakout.
- 3 A 30 min close below 55.13 (-6.7%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the falling wedge
A falling wedge is two downward-sloping lines that converge; the selling loses momentum and a break above the upper line is usually bullish.
- Confirmation
- A close above the upper wedge line.
- Target
- The wedge's widest height, projected up from the breakout.
- Fails if
- A close back below the upper line or below the wedge's last low.