PSX · INSURANCE
RICL Inverse Head & Shoulders forming — Daily chart signal
Reliance Insurance Company Limited
Daily 08 Oct 2026
Close
11.45
▼ 0.52%
Inverse Head & Shoulders forming
Chart pattern With the trend
RICL has completed an inverse head & shoulders on the daily chart with the head at 10.11 and the neckline at 16.64.
The pattern is confirmed by a daily close above 16.74. The measured move from the neckline points to 21.83 (+31.2%). A close beyond the head at 10.11 cancels it. Still active - first identified on 27 Jul 2026.
Structure: bullish external, bullish internal (strong low 5.55). Nearest demand OB 7.71 - 8.46.