PSX · TEXTILE SPINNING · 30 Min
KOSM Rising Wedge forming
Kohinoor Spinning Mills Limited · 13 Nov 2026 · 10:00 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 5.74
- ▲ 1.59%
- Upper line
- 5.90
- +2.8%
- Lower line
- 5.51
- -4.0%
- ATR
- 0.08
- 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
KOSM is compressing inside a rising wedge on the 30-minute chart - 5 swing points, 7.5x ATR wide at the start.
Upper line 5.90, lower line 5.51. The pattern favours a downside resolution: a 30-minute close above 5.92 confirms an upside breakout, a close below 5.49 a downside break.
Structure: bullish external, bearish internal (strong low 4.95). Nearest demand OB 4.95 - 4.99, supply OB 6.04 - 6.12.
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 5.90 (+2.8%) would be an upside breakout.
- 3 A 30 min close below 5.51 (-4.0%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the rising wedge
A rising wedge is two upward-sloping lines that converge; the buying loses momentum and a break below the lower line is usually bearish.
- Confirmation
- A close below the lower wedge line.
- Target
- The wedge's widest height, projected down from the breakout.
- Fails if
- A close back above the lower line or above the wedge's last high.