PSX · COMMERCIAL BANKS · 30 Min
HBL Head & Shoulders forming
Habib Bank Limited · 03 Nov 2026 · 14:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 285.89
- ▲ 0.08%
- Target
- 268.17
- -6.2%
- Invalidation
- —
- ATR
- 1.49
- 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 30 Min candles · click to enlarge
The breakdown
HBL has completed a head & shoulders on the 30-minute chart with the head at 296.00 and the neckline at 282.62.
The pattern is confirmed by a 30-minute close below 282.32. The measured move from the neckline points to 268.17 (-5.1%). A close beyond the head at 296.00 cancels it.
Structure: bullish external, bullish internal (strong low 280.05). Nearest demand OB 282.10 - 283.99, supply OB 291.20 - 292.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 285.89.
- 2 The target, 268.17 (-6.2%), 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.