PSX · AUTOMOBILE ASSEMBLER
INDU Inverse Head & Shoulders forming — Daily chart signal
Indus Motor Company Limited
Daily 08 Oct 2026
Close
1,812.00
▲ 0.00%
Inverse Head & Shoulders forming
Chart pattern With the trend
INDU has completed an inverse head & shoulders on the daily chart with the head at 1,695.00 and the neckline at 2,201.84.
The pattern is confirmed by a daily close above 2,207.95. The measured move from the neckline points to 2,745.00 (+24.7%). A close beyond the head at 1,695.00 cancels it. Still active - first identified on 29 May 2026.
Structure: bullish external, bullish internal (strong low 1,685.00). Nearest demand OB 1,175.00 - 1,238.00.