PSX · TEXTILE SPINNING
TATM Descending Triangle breakout — Daily chart signal
Tata Textile Mills Limited
Daily 13 Oct 2026
Close
151.09
▼ 0.34%
Descending Triangle breakout
Pattern breakout With the trend
TATM broke above its descending triangle on the daily close at 151.09.
Projected target 201.44 (+33.3%). The pattern is invalidated beyond 139.10 (-7.9%), a reward-to-risk of about 4.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
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 forming
TATM is compressing inside a descending triangle on the daily chart - 5 swing points, 11.4x ATR wide at the start.
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TATM has completed a head & shoulders on the daily chart with the head at 191.80 and the neckline at 140.80.
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