PSX · CABLE & ELECTRICAL GOODS
PCAL Ascending Triangle breakdown — 1 Hour chart signal
Pakistan Cables Limited
1 Hour 16 Oct 2026 · 14:30 PKT
Close
135.51
▼ 1.09%
Ascending Triangle breakdown
Pattern breakout With the trend
PCAL broke below its ascending triangle on the hourly close at 135.51.
Projected target 133.00 (-1.9%). The pattern is invalidated beyond 139.87 (+3.2%), 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, bearish internal (strong high 250.00). Nearest supply OB 179.50 - 181.88.
More for PCAL
PCAL company page →Ascending Triangle forming
PCAL is compressing inside an ascending triangle on the hourly chart - 5 swing points, 6.6x ATR wide at the start.
16 Oct 2026 · 14:30 PKT Chart pattern
Ascending Triangle breakdown
PCAL broke below its ascending triangle on the 30-minute close at 137.00.
16 Oct 2026 · 11:00 PKT Pattern breakout
Ascending Triangle forming
PCAL is compressing inside an ascending triangle on the 30-minute chart - 5 swing points, 8.6x ATR wide at the start.
16 Oct 2026 · 11:00 PKT Chart pattern
Inverse Head & Shoulders forming
PCAL has completed an inverse head & shoulders on the 30-minute chart with the head at 133.00 and the neckline at 139.99.
14 Oct 2026 · 12:00 PKT Chart pattern