PSX · AUTOMOBILE ASSEMBLER · 30 Min
HINO Head & Shoulders forming
Hinopak Motors Limited · 29 Oct 2026 · 14:00 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 298.01
- ▲ 0.00%
- Target
- 246.03
- -17.4%
- Invalidation
- —
- ATR
- 3.85
- 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
HINO has completed a head & shoulders on the 30-minute chart with the head at 327.77 and the neckline at 283.60.
The pattern is confirmed by a 30-minute close below 282.83. The measured move from the neckline points to 246.03 (-13.2%). A close beyond the head at 327.77 cancels it.
Structure: bearish external, bearish internal (strong high 319.00). Nearest supply OB 339.95 - 345.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 298.01.
- 2 The target, 246.03 (-17.4%), 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.