PSX · AUTOMOBILE PARTS & ACCESSORIES
PTL Head & Shoulders forming — Daily chart signal
Panther Tyres Ltd.
Daily 08 Oct 2026
Close
48.25
▼ 0.27%
Head & Shoulders forming
Chart pattern With the trend
PTL has completed a head & shoulders on the daily chart with the head at 65.88 and the neckline at 41.36.
The pattern is confirmed by a daily close below 41.07. The measured move from the neckline points to 23.88 (-42.3%). A close beyond the head at 65.88 cancels it. Still active - first identified on 03 Jun 2026.
Structure: bearish external, bearish internal (strong high 65.88). Nearest demand OB 41.00 - 41.99, supply OB 52.50 - 56.40.
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