PSX · FOOD & PERSONAL CARE PRODUCTS · 30 Min
RMPL Head & Shoulders forming
Rafhan Maize Products Company Limited · 22 Oct 2026 · 13:30 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 8,513.00
- ▼ 0.68%
- Target
- 7,920.54
- -7.0%
- Invalidation
- —
- ATR
- 55.58
- 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
RMPL has completed a head & shoulders on the 30-minute chart with the head at 8,898.99 and the neckline at 8,408.77.
The pattern is confirmed by a 30-minute close below 8,397.65. The measured move from the neckline points to 7,920.54 (-5.8%). A close beyond the head at 8,898.99 cancels it.
Structure: bearish external, bearish internal (strong high 8,898.99). Nearest bullish FVG 8,505.03 - 8,510.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 8,513.00.
- 2 The target, 7,920.54 (-7.0%), 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.