PSX · TEXTILE SPINNING
AMTEX Descending Triangle breakout — 1 Hour chart signal
Amtex Limited
1 Hour 16 Oct 2026 · 15:30 PKT
Close
4.05
▲ 2.79%
Descending Triangle breakout
Pattern breakout Against the trend
AMTEX broke above its descending triangle on the hourly close at 4.05.
Projected target 4.47 (+10.4%). The pattern is invalidated beyond 3.80 (-6.2%), a reward-to-risk of about 1.7 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 6.49). Nearest supply OB 4.47 - 4.53.
More for AMTEX
AMTEX company page →Descending Triangle breakout
AMTEX broke above its descending triangle on the 30-minute close at 4.01.
16 Oct 2026 · 15:30 PKT Pattern breakout
Descending Triangle breakout
AMTEX broke above its descending triangle on the hourly close at 4.04.
15 Oct 2026 · 13:30 PKT Pattern breakout
Descending Triangle forming
AMTEX is compressing inside a descending triangle on the hourly chart - 5 swing points, 9.3x ATR wide at the start.
15 Oct 2026 · 13:30 PKT Chart pattern
Descending Triangle breakout
AMTEX broke above its descending triangle on the 30-minute close at 4.03.
15 Oct 2026 · 13:00 PKT Pattern breakout