PSX · POWER GENERATION & DISTRIBUTION · 30 Min
TSPL Head & Shoulders forming
Tri-Star Power Limited · 03 Nov 2026 · 12:00 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 13.75
- ▲ 1.85%
- Target
- 9.19
- -33.2%
- Invalidation
- —
- ATR
- 0.22
- 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
TSPL has completed a head & shoulders on the 30-minute chart with the head at 15.98 and the neckline at 12.25.
The pattern is confirmed by a 30-minute close below 12.21. The measured move from the neckline points to 9.19 (-25.0%). A close beyond the head at 15.98 cancels it.
Structure: bearish external, bullish internal (strong high 20.50). Nearest demand OB 13.30 - 13.50, supply OB 13.98 - 14.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 13.75.
- 2 The target, 9.19 (-33.2%), 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.