PSX · TEXTILE SPINNING
CTM Descending Triangle breakout — 1 Hour chart signal
Colony Textile Mills Limited
1 Hour 15 Oct 2026 · 10:30 PKT
Close
6.71
▲ 1.82%
Descending Triangle breakout
Pattern breakout Against the trend
CTM broke above its descending triangle on the hourly close at 6.71.
Projected target 7.64 (+13.9%). The pattern is invalidated beyond 6.36 (-5.2%), a reward-to-risk of about 2.7 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
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 forming
CTM is compressing inside a descending triangle on the hourly chart - 5 swing points, 12.2x ATR wide at the start.
15 Oct 2026 · 10:30 PKT Chart pattern
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