PSX · COMMERCIAL BANKS
UBL Inverse Head & Shoulders forming — 1 Hour chart signal
United Bank Limited
1 Hour 09 Oct 2026 · 11:30 PKT
Close
419.90
▼ 0.05%
Inverse Head & Shoulders forming
Chart pattern Against the trend
UBL has completed an inverse head & shoulders on the hourly chart with the head at 411.11 and the neckline at 433.89.
The pattern is confirmed by a hourly close above 434.54. The measured move from the neckline points to 455.52 (+5.0%). A close beyond the head at 411.11 cancels it. Still active - first identified on 30 Sep 2026 09:30.
Structure: bearish external, bullish internal (strong high 517.00). Nearest demand OB 395.81 - 398.90, supply OB 439.00 - 443.95.