PSX · PAPER, BOARD & PACKAGING
PKGS Head & Shoulders forming — Daily chart signal
Packages Limited
Daily 08 Oct 2026
Close
700.00
▼ 0.68%
Head & Shoulders forming
Chart pattern With the trend
PKGS has completed a head & shoulders on the daily chart with the head at 855.00 and the neckline at 601.04.
The pattern is confirmed by a daily close below 596.90. The measured move from the neckline points to 380.39 (-36.7%). A close beyond the head at 855.00 cancels it. Still active - first identified on 02 Jun 2026.
Structure: bearish external, bearish internal (strong high 855.00). Nearest demand OB 665.00 - 677.00, supply OB 780.11 - 798.99.