PSX · TEXTILE SPINNING
SSML Descending Triangle forming — 1 Hour chart signal
Saritow Spinning Mills Limited
1 Hour 14 Oct 2026 · 11:30 PKT
Close
18.50
▲ 0.60%
Descending Triangle forming
Chart pattern Against the trend
SSML is compressing inside a descending triangle on the hourly chart - 5 swing points, 11.4x ATR wide at the start.
Upper line 16.84, lower line 16.85. The pattern favours a downside resolution: a hourly close above 16.93 confirms an upside breakout, a close below 16.76 a downside break.
Structure: bullish external, bullish internal (strong low 15.00). Nearest supply OB 21.13 - 21.72.