PSX · TEXTILE SPINNING
CCM Head & Shoulders forming — Daily chart signal
Crescent Cotton Mills Limited
Daily 08 Oct 2026
Close
42.00
▼ 1.98%
Head & Shoulders forming
Chart pattern Against the trend
CCM has completed a head & shoulders on the daily chart with the head at 64.96 and the neckline at 40.14.
The pattern is confirmed by a daily close below 39.53. The measured move from the neckline points to 12.31 (-69.3%). A close beyond the head at 64.96 cancels it. Still active - first identified on 05 Oct 2026.
Structure: bullish external, bullish internal (strong low 29.00). Nearest demand OB 35.15 - 38.99, supply OB 73.36 - 83.00.
More for CCM
CCM company page →Bearish change of character
CCM closed below the external strong low at 39.01 - the external trend turns bearish.
09 Oct 2026 · 16:00 PKT Market structure · CHoCH
Bearish change of character
CCM closed below the external strong low at 39.01 - the external trend turns bearish.
09 Oct 2026 · 15:30 PKT Market structure · CHoCH
Head & Shoulders breakdown
CCM broke below its head & shoulders on the daily close at 39.48.
09 Oct 2026 Pattern breakout