PSX · ENGINEERING · 30 Min
BCL Bullish change of character
Bolan Castings Limited · 19 Oct 2026 · 09:30 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 81.50
- ▲ 5.39%
- Broken level
- 79.85
- -2.0%
- CHoCH level
- 62.00
- -23.9%
- ATR
- 1.10
- 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 closed above the external strong high at 79.85 - the external trend turns bullish.
The 30-minute close at 81.50 confirms it. The new external CHoCH level (strong low) is 62.00: a close beyond it would change the character back.
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 Price closed above the swing level at 79.85, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 62.00 (-23.9%).
- 3 Structure signals carry no fixed target: the next liquidity area is the usual objective.
Pattern guide
About the change of character (choch)
A change of character (CHoCH) is the first close against the trend's structure, breaking the swing low of an uptrend or the swing high of a downtrend: an early sign of reversal.
- Confirmation
- A candle close beyond the swing point that defined the trend.
- Target
- No fixed target: the first opposing liquidity area.
- Fails if
- A move back beyond the broken level that resumes the old trend.