PSX · CHEMICAL
ICL Inverse Head & Shoulders forming — Daily chart signal
Ittehad Chemicals Limted
Daily 08 Oct 2026
Close
131.50
▲ 1.39%
Inverse Head & Shoulders forming
Chart pattern Against the trend
ICL has completed an inverse head & shoulders on the daily chart with the head at 110.03 and the neckline at 150.88.
The pattern is confirmed by a daily close above 151.57. The measured move from the neckline points to 206.83 (+37.1%). A close beyond the head at 110.03 cancels it. Still active - first identified on 16 Jun 2026.
Structure: bearish external, bearish internal (strong high 176.00). Nearest demand OB 113.00 - 119.12, supply OB 129.00 - 132.90.