PSX · INSURANCE
ALIFE Descending Triangle breakdown — Daily chart signal
Adamjee Life Assurance Company Limited
Daily 08 Oct 2026
Close
29.52
▼ 3.50%
Descending Triangle breakdown
Pattern breakout Against the trend
ALIFE broke below its descending triangle on the daily close at 29.52.
Projected target 16.31 (-44.7%). The pattern is invalidated beyond 36.75 (+24.5%), a reward-to-risk of about 1.8 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 19.02). Nearest demand OB 23.81 - 25.18, supply OB 42.00 - 44.80.