PSX · CHEMICAL
GCIL Head & Shoulders forming — 30 Min chart signal
Ghani Chemical Industries Limited
30 Min 09 Oct 2026 · 11:30 PKT
Close
31.05
▼ 0.39%
Head & Shoulders forming
Chart pattern Against the trend
GCIL has completed a head & shoulders on the 30-minute chart with the head at 33.44 and the neckline at 30.03.
The pattern is confirmed by a 30-minute close below 29.97. The measured move from the neckline points to 26.80 (-10.8%). A close beyond the head at 33.44 cancels it. Still active - first identified on 08 Oct 2026 12:00.
Structure: bullish external, bullish internal (strong low 26.25). Nearest demand OB 29.00 - 29.49, supply OB 32.16 - 32.47.