PSX · TRANSPORT · Daily
PNSC Head & Shoulders forming
Pakistan National Shipping Corporation · 20 Oct 2026
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 548.33
- ▼ 0.26%
- Target
- 303.00
- -44.7%
- Invalidation
- —
- ATR
- 13.93
- 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 Daily candles · click to enlarge
The breakdown
PNSC has completed a head & shoulders on the daily chart with the head at 677.00 and the neckline at 489.99.
The pattern is confirmed by a daily close below 487.20. The measured move from the neckline points to 303.00 (-38.2%). A close beyond the head at 677.00 cancels it.
Structure: bullish external, bullish internal (strong low 210.02). Nearest demand OB 490.00 - 506.17, supply OB 620.00 - 658.00.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 548.33.
- 2 The target, 303.00 (-44.7%), is the pattern's height projected from the breakout.
- 3 Trend context: against 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.