PSX · MODARABAS

FECM Head & Shoulders breakdown — 30 Min chart signal

First Elite Capital Modaraba

30 Min 16 Oct 2026 · 16:00 PKT

18.50

▼ 2.12%

▼ Bearish

Head & Shoulders breakdown

Pattern breakout With the trend

FECM broke below its head & shoulders on the 30-minute close at 18.50.

Projected target 15.28 (-17.4%). The pattern is invalidated beyond 19.39 (+4.8%), a reward-to-risk of about 3.6 : 1.

Structure: bearish external, bearish internal (strong high 30.07). Nearest demand OB 15.54 - 15.56, supply OB 23.32 - 24.50.

Levels 30 Min

FECM company page →

FECM has completed a head & shoulders on the 30-minute chart with the head at 21.23 and the neckline at 18.84.

16 Oct 2026 · 15:30 PKT Chart pattern