PSX · TEXTILE SPINNING
TATM Head & Shoulders forming — Daily chart signal
Tata Textile Mills Limited
Daily 08 Oct 2026
Close
140.00
▼ 2.71%
Head & Shoulders forming
Chart pattern Against the trend
TATM has completed a head & shoulders on the daily chart with the head at 191.80 and the neckline at 140.80.
The pattern is confirmed by a daily close below 139.41. The measured move from the neckline points to 79.79 (-43.3%). A close beyond the head at 191.80 cancels it. Still active - first identified on 05 Oct 2026.
Structure: bullish external, bullish internal (strong low 34.05). Nearest demand OB 125.00 - 135.02, supply OB 208.00 - 215.67.
More for TATM
TATM company page →Descending Triangle breakout
TATM broke above its descending triangle on the daily close at 151.09.
13 Oct 2026 Pattern breakout
Descending Triangle forming
TATM is compressing inside a descending triangle on the daily chart - 5 swing points, 11.4x ATR wide at the start.
12 Oct 2026 Chart pattern