PSX · TEXTILE SPINNING
GUSM Head & Shoulders forming — 1 Hour chart signal
Gulistan Spinning Mills Limited
1 Hour 09 Oct 2026 · 10:30 PKT
Close
8.83
▲ 7.68%
Head & Shoulders forming
Chart pattern Against the trend
GUSM has completed a head & shoulders on the hourly chart with the head at 11.84 and the neckline at 7.82.
The pattern is confirmed by a hourly close below 7.77. The measured move from the neckline points to 4.48 (-42.8%). A close beyond the head at 11.84 cancels it. Still active - first identified on 28 Sep 2026 14:30.
Structure: bullish external, bullish internal (strong low 7.76). Nearest demand OB 7.76 - 7.78.