PSX · ENGINEERING
CSAP Inverse Head & Shoulders forming — 1 Hour chart signal
Crescent Steel & Allied Products Limited
1 Hour 09 Oct 2026 · 11:30 PKT
Close
89.69
▼ 0.12%
Inverse Head & Shoulders forming
Chart pattern Against the trend
CSAP has completed an inverse head & shoulders on the hourly chart with the head at 86.11 and the neckline at 95.22.
The pattern is confirmed by a hourly close above 95.35. The measured move from the neckline points to 105.36 (+10.6%). A close beyond the head at 86.11 cancels it. Still active - first identified on 02 Oct 2026 14:30.
Structure: bearish external, bearish internal (strong high 143.50). Nearest demand OB 78.25 - 80.00, supply OB 92.30 - 92.43.