PSX · SYNTHETIC & RAYON · 30 Min
RUPL Head & Shoulders forming
Rupali Polyester Limited · 21 Oct 2026 · 15:00 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 28.00
- ▼ 3.71%
- Target
- 20.21
- -27.8%
- Invalidation
- —
- ATR
- 0.85
- 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
RUPL has completed a head & shoulders on the 30-minute chart with the head at 33.50 and the neckline at 27.31.
The pattern is confirmed by a 30-minute close below 27.14. The measured move from the neckline points to 20.21 (-26.0%). A close beyond the head at 33.50 cancels it.
Structure: bullish external, bearish internal (strong low 23.11). Nearest demand OB 24.50 - 24.51, supply OB 28.99 - 30.25.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 28.00.
- 2 The target, 20.21 (-27.8%), 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.