PSX · ENGINEERING · 30 Min
BCL Inverse Head & Shoulders forming
Bolan Castings Limited · 28 Oct 2026 · 11:00 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 74.50
- ▼ 1.25%
- Target
- 87.42
- +17.3%
- Invalidation
- —
- ATR
- 1.57
- 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
BCL has completed an inverse head & shoulders on the 30-minute chart with the head at 66.10 and the neckline at 76.31.
The pattern is confirmed by a 30-minute close above 76.62. The measured move from the neckline points to 87.42 (+14.6%). A close beyond the head at 66.10 cancels it.
Structure: bullish external, bullish internal (strong low 62.00). Nearest demand OB 64.50 - 65.98, supply OB 88.00 - 92.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 74.50.
- 2 The target, 87.42 (+17.3%), is the pattern's height projected from the breakout.
- 3 Trend context: with the trend.
Pattern guide
About the inverse head and shoulders
An inverse head and shoulders is a bottoming pattern: three troughs with the middle one lowest, whose neckline break often starts an uptrend.
- Confirmation
- A close above the neckline.
- Target
- The depth from the head to the neckline, projected up from the break.
- Fails if
- A close back below the right shoulder or the neckline.