PSX · CEMENT · Daily
BWCL Head & Shoulders forming
Bestway Cement Limited · 02 Nov 2026
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 452.70
- ▼ 4.35%
- Target
- 335.78
- -25.8%
- Invalidation
- —
- ATR
- 9.50
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector Daily candles · click to enlarge
The breakdown
BWCL has completed a head & shoulders on the daily chart with the head at 524.00 and the neckline at 430.36.
The pattern is confirmed by a daily close below 428.46. The measured move from the neckline points to 335.78 (-22.0%). A close beyond the head at 524.00 cancels it.
Structure: bullish external, bullish internal (strong low 201.01). Nearest demand OB 399.51 - 424.00, supply OB 525.20 - 533.57.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 452.70.
- 2 The target, 335.78 (-25.8%), is the pattern's height projected from the breakout.
- 3 Trend context: against the trend.
Pattern guide
About the head and shoulders
A head and shoulders is a topping pattern: three peaks with the middle one highest, resting on a "neckline" whose break often ends an uptrend.
- Confirmation
- A close below the neckline.
- Target
- The height from the head to the neckline, projected down from the break.
- Fails if
- A close back above the right shoulder or the neckline.