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PSX · TEXTILE SPINNING

ELCM Inverse Head & Shoulders forming — Daily chart signal

Elahi Cotton Mills Limited

Daily 08 Oct 2026

Close

243.00

▼ 2.21%

▲ Bullish

Inverse Head & Shoulders forming

Chart pattern With the trend

ELCM Inverse Head & Shoulders forming on the daily chart, 08 Oct 2026 — PSX pattern signal by Smart Money
SMC Structure · Order Blocks · FVG · Pattern Detector Daily candles
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ELCM has completed an inverse head & shoulders on the daily chart with the head at 126.01 and the neckline at 365.69.

The pattern is confirmed by a daily close above 370.87. The measured move from the neckline points to 571.14 (+56.2%). A close beyond the head at 126.01 cancels it. Still active - first identified on 06 Aug 2026.

Structure: bullish external, bullish internal (strong low 126.01). Nearest demand OB 65.25 - 65.30.

Analysis by

Smart Money

smartmoney.pk · @smartmoneypk

Technical analysis for education only — not investment advice. Patterns can fail; manage your own risk.

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