PSX · POWER GENERATION & DISTRIBUTION · 30 Min
SEL Head & Shoulders forming
Sitara Energy Limited · 20 Oct 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 25.44
- ▲ 0.24%
- Target
- 20.99
- -17.5%
- Invalidation
- —
- ATR
- 0.55
- 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
SEL has completed a head & shoulders on the 30-minute chart with the head at 27.89 and the neckline at 24.77.
The pattern is confirmed by a 30-minute close below 24.66. The measured move from the neckline points to 20.99 (-15.3%). A close beyond the head at 27.89 cancels it.
Structure: bullish external, bullish internal (strong low 23.12). Nearest demand OB 22.22 - 22.50, supply OB 32.00 - 32.02.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 25.44.
- 2 The target, 20.99 (-17.5%), 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.