PSX · TEXTILE SPINNING
CTM Inverse Head & Shoulders forming — Daily chart signal
Colony Textile Mills Limited
Daily 08 Oct 2026
Close
6.58
▼ 1.64%
Inverse Head & Shoulders forming
Chart pattern With the trend
CTM has completed an inverse head & shoulders on the daily chart with the head at 4.21 and the neckline at 7.37.
The pattern is confirmed by a daily close above 7.45. The measured move from the neckline points to 12.44 (+68.7%). A close beyond the head at 4.21 cancels it. Still active - first identified on 12 Aug 2026.
Structure: bullish external, bullish internal (strong low 2.55). Nearest demand OB 5.23 - 5.49.