PSX · TEXTILE SPINNING
TATM Descending Triangle forming — Daily chart signal
Tata Textile Mills Limited
Daily 12 Oct 2026
Close
151.60
▼ 1.93%
Descending Triangle forming
Chart pattern Against the trend
TATM is compressing inside a descending triangle on the daily chart - 5 swing points, 11.4x ATR wide at the start.
Upper line 150.52, lower line 139.57. The pattern favours a downside resolution: a daily close above 152.08 confirms an upside breakout, a close below 138.01 a downside break.
Structure: bullish external, bullish internal (strong low 34.05). Nearest demand OB 125.00 - 135.02, supply OB 208.00 - 215.67.
More for TATM
TATM company page →Descending Triangle breakout
TATM broke above its descending triangle on the daily close at 151.09.
13 Oct 2026 Pattern breakout
Head & Shoulders forming
TATM has completed a head & shoulders on the daily chart with the head at 191.80 and the neckline at 140.80.
08 Oct 2026 Chart pattern