PSX · TEXTILE SPINNING
PRET Head & Shoulders forming — 30 Min chart signal
Premium Textile Mills Limited
30 Min 09 Oct 2026 · 10:00 PKT
Close
530.00
▲ 1.94%
Head & Shoulders forming
Chart pattern Against the trend
PRET has completed a head & shoulders on the 30-minute chart with the head at 585.00 and the neckline at 457.84.
The pattern is confirmed by a 30-minute close below 455.50. The measured move from the neckline points to 394.54 (-13.8%). A close beyond the head at 585.00 cancels it. Still active - first identified on 01 Oct 2026 09:30.
Structure: bullish external, bearish internal (strong low 445.00). Nearest demand OB 355.00 - 356.01.
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PRET is compressing inside a rising wedge on the daily chart - 5 swing points, 8.1x ATR wide at the start.
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Inverse Head & Shoulders forming
PRET has completed an inverse head & shoulders on the daily chart with the head at 352.00 and the neckline at 609.71.
08 Oct 2026 Chart pattern