PSX · ENGINEERING
BECO Falling Wedge breakout — 30 Min chart signal
Beco Steel Limited
30 Min 16 Oct 2026 · 14:30 PKT
Close
4.34
▲ 1.40%
Falling Wedge breakout
Pattern breakout Against the trend
BECO broke above its falling wedge on the 30-minute close at 4.34.
Projected target 4.45 (+2.5%). The pattern is invalidated beyond 4.14 (-4.6%), a reward-to-risk of about 0.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 4.46). Nearest demand OB 4.21 - 4.25, supply OB 4.39 - 4.46.
More for BECO
BECO company page →Falling Wedge forming
BECO is compressing inside a falling wedge on the 30-minute chart - 5 swing points, 7.8x ATR wide at the start.
15 Oct 2026 · 12:30 PKT Chart pattern
Bearish break of structure
BECO closed below the external swing low at 4.23 from 06 Oct 10:30 - the bearish trend continues.
12 Oct 2026 · 09:30 PKT Market structure · BOS