PSX · SUGAR & ALLIED INDUSTRIES
CHAS Inverse Head & Shoulders forming — 1 Hour chart signal
Chashma Sugar Mills Limited
1 Hour 09 Oct 2026 · 09:30 PKT
Close
82.97
▲ 2.41%
Inverse Head & Shoulders forming
Chart pattern With the trend
CHAS has completed an inverse head & shoulders on the hourly chart with the head at 77.00 and the neckline at 90.80.
The pattern is confirmed by a hourly close above 91.15. The measured move from the neckline points to 100.39 (+10.6%). A close beyond the head at 77.00 cancels it. Still active - first identified on 02 Oct 2026 15:30.
Structure: bullish external, bullish internal (strong low 56.01). Nearest demand OB 68.51 - 70.97, supply OB 90.46 - 93.98.