PSX · TEXTILE SPINNING
AMTEX Descending Triangle breakout — 30 Min chart signal
Amtex Limited
30 Min 16 Oct 2026 · 15:30 PKT
Close
4.01
▲ 1.78%
Descending Triangle breakout
Pattern breakout With the trend
AMTEX broke above its descending triangle on the 30-minute close at 4.01.
Projected target 4.46 (+11.2%). The pattern is invalidated beyond 3.80 (-5.2%), a reward-to-risk of about 2.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 3.53). Nearest supply OB 4.47 - 4.58.
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AMTEX company page →Descending Triangle breakout
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