PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
FRSM Head & Shoulders forming
Faran Sugar Mills Limited · 23 Oct 2026 · 15:30 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 40.20
- ▼ 4.26%
- Target
- 35.01
- -12.9%
- Invalidation
- —
- ATR
- 0.66
- 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
FRSM has completed a head & shoulders on the 30-minute chart with the head at 44.99 and the neckline at 40.00.
The pattern is confirmed by a 30-minute close below 39.87. The measured move from the neckline points to 35.01 (-12.5%). A close beyond the head at 44.99 cancels it.
Structure: bearish external, bearish internal (strong high 51.75). Nearest demand OB 38.11 - 38.12, supply OB 48.69 - 49.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 40.20.
- 2 The target, 35.01 (-12.9%), 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.