PSX · LEATHER & TANNERIES
BATA Head & Shoulders forming — 1 Hour chart signal
Bata Pakistan Limited
1 Hour 12 Oct 2026 · 13:30 PKT
Close
850.15
▼ 0.80%
Head & Shoulders forming
Chart pattern With the trend
BATA has completed a head & shoulders on the hourly chart with the head at 900.00 and the neckline at 822.27.
The pattern is confirmed by a hourly close below 821.03. The measured move from the neckline points to 761.52 (-7.4%). A close beyond the head at 900.00 cancels it.
Structure: bearish external, bearish internal (strong high 900.00). Nearest supply OB 1,207.11 - 1,210.00.
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