PSX · ENGINEERING
BECO Falling Wedge forming — 30 Min chart signal
Beco Steel Limited
30 Min 15 Oct 2026 · 12:30 PKT
Close
4.27
▲ 1.43%
Falling Wedge forming
Chart pattern Against the trend
BECO is compressing inside a falling wedge on the 30-minute chart - 5 swing points, 7.8x ATR wide at the start.
Upper line 4.31, lower line 4.12. The pattern favours an upside resolution: a 30-minute close above 4.32 confirms an upside breakout, a close below 4.11 a downside break.
Structure: bearish external, bullish internal (strong high 4.46). Nearest demand OB 4.15 - 4.22, supply OB 4.32 - 4.34.