PSX · PAPER, BOARD & PACKAGING
CPPL Inverse Head & Shoulders forming — 30 Min chart signal
Cherat Packaging Limited
30 Min 15 Oct 2026 · 09:30 PKT
Close
94.89
▲ 1.81%
Inverse Head & Shoulders forming
Chart pattern Against the trend
CPPL has completed an inverse head & shoulders on the 30-minute chart with the head at 90.70 and the neckline at 94.85.
The pattern is confirmed by a 30-minute close above 94.97. The measured move from the neckline points to 99.04 (+4.4%). A close beyond the head at 90.70 cancels it.
Structure: bearish external, bearish internal (strong high 106.98). Nearest demand OB 86.20 - 87.89, supply OB 100.00 - 102.00.
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