PSX · SUGAR & ALLIED INDUSTRIES
CHAS Inverse Head & Shoulders forming — 30 Min chart signal
Chashma Sugar Mills Limited
30 Min 09 Oct 2026 · 10:00 PKT
Close
82.97
▼ 0.01%
Inverse Head & Shoulders forming
Chart pattern With the trend
CHAS has completed an inverse head & shoulders on the 30-minute chart with the head at 76.51 and the neckline at 85.75.
The pattern is confirmed by a 30-minute close above 85.99. The measured move from the neckline points to 93.90 (+9.5%). A close beyond the head at 76.51 cancels it. Still active - first identified on 08 Oct 2026 13:00.
Structure: bullish external, bearish internal (strong low 71.35). Nearest demand OB 74.52 - 76.00, supply OB 90.00 - 92.00.