PSX · ENGINEERING
ITTEFAQ Head & Shoulders forming — 1 Hour chart signal
Ittefaq Iron Industries Limited
1 Hour 15 Oct 2026 · 10:30 PKT
Close
7.89
▼ 0.76%
Head & Shoulders forming
Chart pattern Against the trend
ITTEFAQ has completed a head & shoulders on the hourly chart with the head at 8.70 and the neckline at 7.33.
The pattern is confirmed by a hourly close below 7.29. The measured move from the neckline points to 6.09 (-16.9%). A close beyond the head at 8.70 cancels it.
Structure: bullish external, bullish internal (strong low 7.00). Nearest demand OB 7.11 - 7.23.