PSX · CEMENT
MLCF Inverse Head & Shoulders forming — 30 Min chart signal
Maple Leaf Cement Factory Limited
30 Min 13 Oct 2026 · 09:30 PKT
Close
89.95
▲ 0.62%
Inverse Head & Shoulders forming
Chart pattern Against the trend
MLCF has completed an inverse head & shoulders on the 30-minute chart with the head at 87.55 and the neckline at 94.22.
The pattern is confirmed by a 30-minute close above 94.35. The measured move from the neckline points to 98.95 (+5.0%). A close beyond the head at 87.55 cancels it.
Structure: bearish external, bearish internal (strong high 97.54). Nearest demand OB 88.10 - 88.70, supply OB 89.55 - 90.10.