PSX · TEXTILE SPINNING · 30 Min
SNAI Head & Shoulders forming
Sana Industries Limited · 23 Oct 2026 · 11:00 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 33.01
- ▲ 0.03%
- Target
- 26.59
- -19.4%
- Invalidation
- —
- ATR
- 0.98
- 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
SNAI has completed a head & shoulders on the 30-minute chart with the head at 39.60 and the neckline at 33.13.
The pattern is confirmed by a 30-minute close below 32.93. The measured move from the neckline points to 26.59 (-19.7%). A close beyond the head at 39.60 cancels it.
Structure: bullish external, bearish internal (strong low 28.55). Nearest demand OB 32.53 - 32.54.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 33.01.
- 2 The target, 26.59 (-19.4%), 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.