PSX · CEMENT
GWLC Head & Shoulders forming — Daily chart signal
Gharibwal Cement Limited
Daily 08 Oct 2026
Close
46.70
▼ 0.19%
Head & Shoulders forming
Chart pattern Against the trend
GWLC has completed a head & shoulders on the daily chart with the head at 58.22 and the neckline at 45.23.
The pattern is confirmed by a daily close below 44.90. The measured move from the neckline points to 32.07 (-29.1%). A close beyond the head at 58.22 cancels it. Still active - first identified on 08 Sep 2026.
Structure: bullish external, bearish internal (strong low 32.00). Nearest demand OB 38.75 - 41.94, supply OB 49.50 - 51.50.
More for GWLC
GWLC company page →Bear Flag breakdown
GWLC broke below its bear flag on the 30-minute close at 44.90.
13 Oct 2026 · 10:00 PKT Pattern breakout
Bear Flag forming
GWLC is building a bear flag after a 2.83 drop (6.9x ATR) on the 30-minute chart.
13 Oct 2026 · 10:00 PKT Chart pattern
Bearish break of structure
GWLC closed below the external swing low at 45.60 from 06 Oct 09:30 - the bearish trend continues.
12 Oct 2026 · 12:00 PKT Market structure · BOS