PSX · TEXTILE SPINNING
PRET Rising Wedge forming — Daily chart signal
Premium Textile Mills Limited
Daily 08 Oct 2026
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519.90
▼ 2.82%
Rising Wedge forming
Chart pattern Against the trend
PRET is compressing inside a rising wedge on the daily chart - 5 swing points, 8.1x ATR wide at the start.
Upper line 609.71, lower line 492.10. The pattern favours a downside resolution: a daily close above 615.50 confirms an upside breakout, a close below 486.31 a downside break. Still active - first identified on 01 Oct 2026.
Structure: bullish external, bearish internal (strong low 355.00). Nearest demand OB 200.00 - 201.00.
More for PRET
PRET company page →Head & Shoulders forming
PRET has completed a head & shoulders on the 30-minute chart with the head at 585.00 and the neckline at 457.84.
09 Oct 2026 · 10:00 PKT Chart pattern
Inverse Head & Shoulders forming
PRET has completed an inverse head & shoulders on the daily chart with the head at 352.00 and the neckline at 609.71.
08 Oct 2026 Chart pattern