PSX · INSURANCE
ALAC Inverse Head & Shoulders forming — 1 Hour chart signal
Askari Life Assurance Company Limited
1 Hour 16 Oct 2026 · 14:30 PKT
Close
23.45
▲ 0.73%
Inverse Head & Shoulders forming
Chart pattern With the trend
ALAC has completed an inverse head & shoulders on the hourly chart with the head at 21.00 and the neckline at 23.93.
The pattern is confirmed by a hourly close above 24.00. The measured move from the neckline points to 27.30 (+14.1%). A close beyond the head at 21.00 cancels it.
Structure: bullish external, bearish internal (strong low 15.01). Nearest demand OB 20.20 - 20.70, supply OB 24.20 - 24.30.