PSX · TEXTILE SPINNING
SHDT Falling Wedge forming — 30 Min chart signal
Shadab Textile Mills Limited
30 Min 12 Oct 2026 · 09:30 PKT
Close
42.99
▼ 3.02%
Falling Wedge forming
Chart pattern Against the trend
SHDT is compressing inside a falling wedge on the 30-minute chart - 5 swing points, 8.6x ATR wide at the start.
Upper line 45.50, lower line 41.82. The pattern favours an upside resolution: a 30-minute close above 45.71 confirms an upside breakout, a close below 41.61 a downside break.
Structure: bearish external, bearish internal (strong high 54.00). Nearest demand OB 40.25 - 40.41, supply OB 51.25 - 51.80.