PSX · TEXTILE SPINNING
DWTM Ascending Triangle forming — Daily chart signal
Dewan Textile Mills Limited
Daily 08 Oct 2026
Close
10.00
▲ 0.00%
Ascending Triangle forming
Chart pattern Against the trend
DWTM is compressing inside an ascending triangle on the daily chart - 6 swing points, 7.6x ATR wide at the start.
Upper line 13.44, lower line 8.83. The pattern favours an upside resolution: a daily close above 13.65 confirms an upside breakout, a close below 8.62 a downside break. Still active - first identified on 20 Aug 2026.
Structure: bearish external, bearish internal (strong high 15.00). Nearest demand OB 2.35 - 2.60, supply OB 17.65 - 18.55.