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PSX · AUTOMOBILE PARTS & ACCESSORIES

DWAE Head & Shoulders forming — Daily chart signal

Dewan Automotive Engineering Limited

Daily 08 Oct 2026

Close

20.52

▼ 4.60%

▼ Bearish

Head & Shoulders forming

Chart pattern Against the trend

DWAE Head & Shoulders forming on the daily chart, 08 Oct 2026 — PSX pattern signal by Smart Money
SMC Structure · Order Blocks · FVG · Pattern Detector Daily candles
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DWAE has completed a head & shoulders on the daily chart with the head at 42.81 and the neckline at -3.13.

The pattern is confirmed by a daily close below -3.42. The measured move from the neckline points to -26.89 (+759.3%). A close beyond the head at 42.81 cancels it. Still active - first identified on 15 May 2026.

Structure: bullish external, bullish internal (strong low 0.21). Nearest demand OB 1.02 - 1.25, supply OB 72.50 - 73.54.

Analysis by

Smart Money

smartmoney.pk · @smartmoneypk

Technical analysis for education only — not investment advice. Patterns can fail; manage your own risk.

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