PSX · TEXTILE WEAVING
PRWM Descending Triangle forming — 30 Min chart signal
Prosperity Weaving Mills Limited
30 Min 16 Oct 2026 · 09:30 PKT
Close
61.89
▲ 5.26%
Descending Triangle forming
Chart pattern Against the trend
PRWM is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 9.5x ATR wide at the start.
Upper line 61.38, lower line 58.04. The pattern favours a downside resolution: a 30-minute close above 61.60 confirms an upside breakout, a close below 57.82 a downside break.
Structure: bullish external, bearish internal (strong low 52.50). Nearest demand OB 49.93 - 52.10.
More for PRWM
PRWM company page →Descending Triangle breakout
PRWM broke above its descending triangle on the 30-minute close at 61.89.
16 Oct 2026 · 09:30 PKT Pattern breakout
Descending Triangle forming
PRWM is compressing inside a descending triangle on the hourly chart - 5 swing points, 10.3x ATR wide at the start.
15 Oct 2026 · 14:30 PKT Chart pattern