PSX · TEXTILE COMPOSITE · 30 Min
GFIL Bullish change of character
Ghazi Fabrics International Limited · 13 Nov 2026 · 14:30 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 27.00
- ▲ 8.00%
- Broken level
- 26.70
- -1.1%
- CHoCH level
- 23.17
- -14.2%
- ATR
- 0.86
- 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
GFIL closed above the external strong high at 26.70 - the external trend turns bullish.
The 30-minute close at 27.00 confirms it. The new external CHoCH level (strong low) is 23.17: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 23.17). Nearest demand OB 22.00 - 22.51, supply OB 28.99 - 29.03.
How to read this signal
- 1 Price closed above the swing level at 26.70, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 23.17 (-14.2%).
- 3 Structure signals carry no fixed target: the next liquidity area is the usual objective.
Pattern guide
About the change of character (choch)
A change of character (CHoCH) is the first close against the trend's structure, breaking the swing low of an uptrend or the swing high of a downtrend: an early sign of reversal.
- Confirmation
- A candle close beyond the swing point that defined the trend.
- Target
- No fixed target: the first opposing liquidity area.
- Fails if
- A move back beyond the broken level that resumes the old trend.