PSX · TEXTILE SPINNING
CTM Descending Triangle forming — 1 Hour chart signal
Colony Textile Mills Limited
1 Hour 15 Oct 2026 · 10:30 PKT
Close
6.71
▲ 1.82%
Descending Triangle forming
Chart pattern With the trend
CTM is compressing inside a descending triangle on the hourly chart - 5 swing points, 12.2x ATR wide at the start.
Upper line 6.30, lower line 6.38. The pattern favours a downside resolution: a hourly close above 6.33 confirms an upside breakout, a close below 6.35 a downside break.
Structure: bearish external, bullish internal (strong high 9.77). Nearest demand OB 6.06 - 6.12, supply OB 8.80 - 9.30.
More for CTM
CTM company page →Descending Triangle breakout
CTM broke above its descending triangle on the hourly close at 6.71.
15 Oct 2026 · 10:30 PKT Pattern breakout
Head & Shoulders forming
CTM has completed a head & shoulders on the hourly chart with the head at 7.50 and the neckline at 6.42.
09 Oct 2026 · 11:30 PKT Chart pattern
Inverse Head & Shoulders forming
CTM has completed an inverse head & shoulders on the daily chart with the head at 4.21 and the neckline at 7.37.
08 Oct 2026 Chart pattern