PSX · AUTOMOBILE PARTS & ACCESSORIES
PTL Head & Shoulders forming — 1 Hour chart signal
Panther Tyres Ltd.
1 Hour 12 Oct 2026 · 13:30 PKT
Close
48.90
▼ 0.10%
Head & Shoulders forming
Chart pattern With the trend
PTL has completed a head & shoulders on the hourly chart with the head at 51.90 and the neckline at 47.21.
The pattern is confirmed by a hourly close below 47.09. The measured move from the neckline points to 42.39 (-10.2%). A close beyond the head at 51.90 cancels it.
Structure: bearish external, bearish internal (strong high 65.88). Nearest supply OB 55.31 - 55.50.
More for PTL
PTL company page →Bearish break of structure
PTL closed below the external swing low at 46.55 from 11 Sep 09:30 - the bearish trend continues.
14 Oct 2026 · 09:30 PKT Market structure · BOS
Bearish break of structure
PTL closed below the external swing low at 46.55 from 11 Sep 09:30 - the bearish trend continues.
13 Oct 2026 · 11:30 PKT Market structure · BOS
Bearish break of structure
PTL closed below the external swing low at 47.00 from 11 Mar 08:30 - the bearish trend continues.
13 Oct 2026 · 09:30 PKT Market structure · BOS
Head & Shoulders breakdown
PTL broke below its head & shoulders on the hourly close at 46.90.
13 Oct 2026 · 09:30 PKT Pattern breakout