PSX · INSURANCE · Daily
JGICL Head & Shoulders forming
Jubilee General Insurance Limited · 27 Oct 2026
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 74.72
- ▼ 0.89%
- Target
- 53.64
- -28.2%
- Invalidation
- —
- ATR
- 2.06
- 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
JGICL has completed a head & shoulders on the daily chart with the head at 91.00 and the neckline at 73.21.
The pattern is confirmed by a daily close below 72.80. The measured move from the neckline points to 53.64 (-26.7%). A close beyond the head at 91.00 cancels it.
Structure: bullish external, bearish internal (strong low 43.03). Nearest demand OB 55.90 - 58.95.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 74.72.
- 2 The target, 53.64 (-28.2%), 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.