PSX · AUTOMOBILE PARTS & ACCESSORIES
DWAE Head & Shoulders forming — Daily chart signal
Dewan Automotive Engineering Limited
Daily 08 Oct 2026
Close
20.52
▼ 4.60%
Head & Shoulders forming
Chart pattern Against the trend
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.