PSX · MODARABAS
FTSM Head & Shoulders forming — 30 Min chart signal
First Tri-Star Modaraba
30 Min 16 Oct 2026 · 09:00 PKT
Close
35.49
▼ 7.60%
Head & Shoulders forming
Chart pattern With the trend
FTSM has completed a head & shoulders on the 30-minute chart with the head at 46.70 and the neckline at 36.11.
The pattern is confirmed by a 30-minute close below 35.91. The measured move from the neckline points to 25.29 (-30.0%). A close beyond the head at 46.70 cancels it.
Structure: bearish external, bearish internal (strong high 49.20). Nearest demand OB 31.60 - 33.20, supply OB 38.18 - 39.92.
More for FTSM
FTSM company page →Head & Shoulders breakdown
FTSM broke below its head & shoulders on the 30-minute close at 35.49.
16 Oct 2026 · 09:00 PKT Pattern breakout
Bear Pennant breakdown
FTSM broke below its bear pennant on the hourly close at 35.49.
16 Oct 2026 · 08:30 PKT Pattern breakout
Bear Pennant forming
FTSM is building a bear pennant after a 10.70 drop (8.2x ATR) on the hourly chart.
16 Oct 2026 · 08:30 PKT Chart pattern