PSX · ENGINEERING
ASTL Head & Shoulders forming — 1 Hour chart signal
Amreli Steels Limited
1 Hour 13 Oct 2026 · 12:30 PKT
Close
18.45
▲ 0.66%
Head & Shoulders forming
Chart pattern Against the trend
ASTL has completed a head & shoulders on the hourly chart with the head at 20.90 and the neckline at 15.94.
The pattern is confirmed by a hourly close below 15.86. The measured move from the neckline points to 11.37 (-28.7%). A close beyond the head at 20.90 cancels it.
Structure: bullish external, bullish internal (strong low 13.84). Nearest demand OB 16.51 - 16.70, supply OB 19.41 - 19.78.