PSX · TEXTILE SPINNING
CCM Head & Shoulders breakdown — Daily chart signal
Crescent Cotton Mills Limited
Daily 09 Oct 2026
Close
39.48
▼ 6.00%
Head & Shoulders breakdown
Pattern breakout Against the trend
CCM broke below its head & shoulders on the daily close at 39.48.
Projected target 12.37 (-68.7%). The pattern is invalidated beyond 49.98 (+26.6%), a reward-to-risk of about 2.6 : 1.
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 forming
CCM has completed a head & shoulders on the daily chart with the head at 64.96 and the neckline at 40.14.
08 Oct 2026 Chart pattern