PSX · CABLE & ELECTRICAL GOODS
PCAL Inverse Head & Shoulders forming — 30 Min chart signal
Pakistan Cables Limited
30 Min 14 Oct 2026 · 12:00 PKT
Close
136.99
▲ 0.73%
Inverse Head & Shoulders forming
Chart pattern Against the trend
PCAL has completed an inverse head & shoulders on the 30-minute chart with the head at 133.00 and the neckline at 139.99.
The pattern is confirmed by a 30-minute close above 140.12. The measured move from the neckline points to 146.98 (+5.0%). A close beyond the head at 133.00 cancels it.
Structure: bearish external, bearish internal (strong high 150.00). Nearest supply OB 181.88 - 182.00.