PSX · TEXTILE SPINNING
KOSM Head & Shoulders forming — Daily chart signal
Kohinoor Spinning Mills Limited
Daily 08 Oct 2026
Close
5.38
▼ 3.58%
Head & Shoulders forming
Chart pattern With the trend
KOSM has completed a head & shoulders on the daily chart with the head at 7.29 and the neckline at 4.91.
The pattern is confirmed by a daily close below 4.85. The measured move from the neckline points to 2.82 (-42.6%). A close beyond the head at 7.29 cancels it. Still active - first identified on 24 Aug 2026.
Structure: bearish external, bullish internal (strong high 12.73). Nearest demand OB 4.95 - 5.07, supply OB 6.42 - 6.93.