PSX · AUTOMOBILE ASSEMBLER · 30 Min
GHNI Head & Shoulders forming
Ghandhara Industries Limited · 21 Oct 2026 · 12:30 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 1,008.00
- ▼ 0.57%
- Target
- 956.13
- -5.1%
- Invalidation
- —
- ATR
- 6.95
- 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
GHNI has completed a head & shoulders on the 30-minute chart with the head at 1,044.20 and the neckline at 999.78.
The pattern is confirmed by a 30-minute close below 998.39. The measured move from the neckline points to 956.13 (-4.4%). A close beyond the head at 1,044.20 cancels it.
Structure: bearish external, bullish internal (strong high 1,113.89). Nearest demand OB 920.10 - 925.00, supply OB 1,063.00 - 1,076.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 1,008.00.
- 2 The target, 956.13 (-5.1%), 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.