PSX · TEXTILE COMPOSITE · Daily
KML Falling Wedge forming
Kohinoor Mills Limited · 05 Nov 2026
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 8.75
- ▼ 0.23%
- Upper line
- 8.91
- +1.8%
- Lower line
- 7.16
- -18.2%
- ATR
- 0.47
- 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 Daily candles · click to enlarge
The breakdown
KML is compressing inside a falling wedge on the daily chart - 5 swing points, 6.2x ATR wide at the start.
Upper line 8.91, lower line 7.16. The pattern favours an upside resolution: a daily close above 9.00 confirms an upside breakout, a close below 7.07 a downside break.
Structure: bearish external, bullish internal (strong high 18.19). Nearest demand OB 4.10 - 4.30, supply OB 14.36 - 14.80.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the daily chart.
- 2 A daily close above 8.91 (+1.8%) would be an upside breakout.
- 3 A daily close below 7.16 (-18.2%) 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.