PSX · JUTE · 30 Min
SUHJ Head & Shoulders forming
Suhail Jute Mills Limited · 21 Oct 2026 · 14:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 160.00
- ▲ 0.00%
- Target
- 116.12
- -27.4%
- Invalidation
- —
- ATR
- 5.98
- 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
SUHJ has completed a head & shoulders on the 30-minute chart with the head at 184.99 and the neckline at 154.60.
The pattern is confirmed by a 30-minute close below 153.40. The measured move from the neckline points to 116.12 (-24.9%). A close beyond the head at 184.99 cancels it.
Structure: bullish external, bullish internal (strong low 107.31). Nearest demand OB 116.00 - 117.00, supply OB 206.05 - 224.98.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 160.00.
- 2 The target, 116.12 (-27.4%), 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.