PSX · TEXTILE WEAVING · 30 Min
ASHT Head & Shoulders forming
Ashfaq Textile Mills Limited · 12 Nov 2026 · 14:30 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 37.92
- ▼ 0.21%
- Target
- 31.88
- -15.9%
- Invalidation
- —
- ATR
- 0.63
- 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
ASHT has completed a head & shoulders on the 30-minute chart with the head at 40.99 and the neckline at 37.03.
The pattern is confirmed by a 30-minute close below 36.90. The measured move from the neckline points to 31.88 (-13.9%). A close beyond the head at 40.99 cancels it.
Structure: bearish external, bullish internal (strong high 70.00). Nearest demand OB 28.05 - 30.01, supply OB 46.00 - 48.94.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 37.92.
- 2 The target, 31.88 (-15.9%), is the pattern's height projected from the breakout.
- 3 Trend context: with 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.