PSX · ENGINEERING
ISL Descending Triangle forming — 30 Min chart signal
International Steels Limited
30 Min 16 Oct 2026 · 09:30 PKT
Close
78.20
▲ 0.51%
Descending Triangle forming
Chart pattern With the trend
ISL is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 9.6x ATR wide at the start.
Upper line 76.50, lower line 77.00. The pattern favours a downside resolution: a 30-minute close above 76.60 confirms an upside breakout, a close below 76.90 a downside break.
Structure: bearish external, bearish internal (strong high 84.58). Nearest demand OB 76.15 - 76.60, supply OB 80.26 - 80.88.