PSX · MISCELLANEOUS
STPL Inverse Head & Shoulders forming — Daily chart signal
Siddiqsons Tin Plate Limited
Daily 08 Oct 2026
Close
7.74
▲ 2.52%
Inverse Head & Shoulders forming
Chart pattern With the trend
STPL has completed an inverse head & shoulders on the daily chart with the head at 5.55 and the neckline at 10.13.
The pattern is confirmed by a daily close above 10.21. The measured move from the neckline points to 15.21 (+50.2%). A close beyond the head at 5.55 cancels it. Still active - first identified on 28 Jul 2026.
Structure: bullish external, bullish internal (strong low 4.22). Nearest demand OB 5.65 - 6.35, supply OB 12.50 - 12.99.