KOHTM: Bearish trend is about to start?Kohat Textile Mills LimitedPSX_DLY:KOHTMkashif493KOHTM (114.23) 19-08-2026 KOHTM started its Elliott Wave cycle in July/2011 from around 0.96. It formed turn-cated Zig-Zag in wave-4 that triggered the 17 week-long tremendous 5th-wave extension completing around 210 with 425% hefty gains from 40. Its wave-5 completed with wave-1 extension. Since then, it is in ABC correction. It has already completed its structural correction around 110 which is the level of subwave-2 of 5th-wave and may be treated as life-line support. Principally, it should not break level of 110. But if it gives break-out (downward) of 110 then bullish structure of its 5th-wave will stand abolished and it will plunge into weeks/months-long bearish trend. Exit is recommended on breaking of 110. Do Your Own Research No Claim, No Blame