PSX · TEXTILE COMPOSITE
NCL Bearish change of character — 30 Min chart signal
Nishat Chunian Limited
30 Min 15 Oct 2026 · 09:30 PKT
Close
34.85
▼ 9.20%
Bearish change of character
Market structure · CHoCH
NCL closed below the external strong low at 34.90 - the external trend turns bearish.
The 30-minute close at 34.85 confirms it. The new external CHoCH level (strong high) is 40.99: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 40.99). Nearest demand OB 31.51 - 31.92, supply OB 42.00 - 42.40.