PSX · SYNTHETIC & RAYON · 1 Hour
RUPL Head & Shoulders forming
Rupali Polyester Limited · 22 Oct 2026 · 14:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 28.05
- ▼ 2.57%
- Target
- 20.54
- -26.8%
- Invalidation
- —
- ATR
- 0.90
- 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
RUPL has completed a head & shoulders on the hourly chart with the head at 33.50 and the neckline at 27.58.
The pattern is confirmed by a hourly close below 27.40. The measured move from the neckline points to 20.54 (-25.5%). A close beyond the head at 33.50 cancels it.
Structure: bullish external, bullish internal (strong low 23.11). Nearest demand OB 24.50 - 24.51.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 28.05.
- 2 The target, 20.54 (-26.8%), 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.