PSX · WOOLLEN
BNWM Inverse Head & Shoulders forming — 30 Min chart signal
Bannu Woollen Mills Limited
30 Min 08 Oct 2026 · 14:30 PKT
Close
60.00
▼ 1.64%
Inverse Head & Shoulders forming
Chart pattern Against the trend
BNWM has completed an inverse head & shoulders on the 30-minute chart with the head at 58.15 and the neckline at 69.42.
The pattern is confirmed by a 30-minute close above 69.56. The measured move from the neckline points to 78.54 (+13.1%). A close beyond the head at 58.15 cancels it. Still active - first identified on 25 Sep 2026 14:30.
Structure: bearish external, bearish internal (strong high 73.51). Nearest demand OB 56.50 - 57.36, supply OB 68.78 - 68.79.