PSX · TEXTILE SPINNING
ELSM Bearish change of character — 30 Min chart signal
Ellcot Spinning Mills Limited
30 Min 15 Oct 2026 · 11:30 PKT
Close
182.65
▼ 4.87%
Bearish change of character
Market structure · CHoCH
ELSM closed below the external strong low at 186.05 - the external trend turns bearish.
The 30-minute close at 182.65 confirms it. The new external CHoCH level (strong high) is 215.00: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 215.00). Nearest demand OB 151.10 - 162.80.