PSX · COMMERCIAL BANKS
ABL Inverse Head & Shoulders forming — 1 Hour chart signal
Allied Bank Limited
1 Hour 09 Oct 2026 · 11:30 PKT
Close
171.99
▲ 0.11%
Inverse Head & Shoulders forming
Chart pattern Against the trend
ABL has completed an inverse head & shoulders on the hourly chart with the head at 162.45 and the neckline at 179.66.
The pattern is confirmed by a hourly close above 179.91. The measured move from the neckline points to 190.03 (+5.8%). A close beyond the head at 162.45 cancels it. Still active - first identified on 29 Sep 2026 10:30.
Structure: bearish external, bullish internal (strong high 215.00). Nearest supply OB 186.00 - 188.89.