PSX · POWER GENERATION & DISTRIBUTION · 1 Hour
NPL Bearish break of structure
Nishat Power Limited · 02 Nov 2026 · 09:30 PKT
▼ Bearish BOS Market structure · BOS
Structure levels
- Close
- 50.80
- ▼ 1.65%
- Broken level
- 51.50
- +1.4%
- CHoCH level
- 58.80
- +15.7%
- ATR
- 0.94
- 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 1 Hour candles · click to enlarge
The breakdown
NPL closed below the external swing low at 51.50 from 15 Oct 09:30 - the bearish trend continues.
The hourly close at 50.80 confirms it. The new external CHoCH level (strong high) is 58.80: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 58.80). Nearest demand OB 44.80 - 45.50, supply OB 52.55 - 53.48.
How to read this signal
- 1 Price closed below the swing level at 51.50, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 58.80 (+15.7%).
- 3 Structure signals carry no fixed target: the next liquidity area is the usual objective.
Pattern guide
About the break of structure (bos)
A break of structure (BOS) is a close beyond the last swing high in an uptrend, or swing low in a downtrend: the trend making a new leg.
- Confirmation
- A candle close beyond the swing high or low.
- Target
- No fixed target: the next liquidity area or weak high / low.
- Fails if
- A close beyond the CHoCH level, which would change the structure.