PSX · MODARABAS
FECM Head & Shoulders forming — 30 Min chart signal
First Elite Capital Modaraba
30 Min 16 Oct 2026 · 15:30 PKT
Close
18.90
▼ 1.31%
Head & Shoulders forming
Chart pattern With the trend
FECM has completed a head & shoulders on the 30-minute chart with the head at 21.23 and the neckline at 18.84.
The pattern is confirmed by a 30-minute close below 18.74. The measured move from the neckline points to 15.24 (-19.1%). A close beyond the head at 21.23 cancels it.
Structure: bearish external, bearish internal (strong high 30.07). Nearest demand OB 15.54 - 15.56, supply OB 23.32 - 24.50.