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PSX · INSURANCE

RICL Inverse Head & Shoulders forming — Daily chart signal

Reliance Insurance Company Limited

Daily 08 Oct 2026

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11.45

▼ 0.52%

▲ Bullish

Inverse Head & Shoulders forming

Chart pattern With the trend

RICL Inverse Head & Shoulders forming on the daily chart, 08 Oct 2026 — PSX pattern signal by Smart Money
SMC Structure · Order Blocks · FVG · Pattern Detector Daily candles
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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.

Analysis by

Smart Money

smartmoney.pk · @smartmoneypk

Technical analysis for education only — not investment advice. Patterns can fail; manage your own risk.

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