PSX · INSURANCE · Daily
SHNI Head & Shoulders forming
Shaheen Insurance Company Limited · 27 Oct 2026
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 8.09
- ▲ 1.13%
- Target
- 3.70
- -54.3%
- Invalidation
- —
- ATR
- 0.50
- 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
SHNI has completed a head & shoulders on the daily chart with the head at 11.55 and the neckline at 8.12.
The pattern is confirmed by a daily close below 8.02. The measured move from the neckline points to 3.70 (-54.4%). A close beyond the head at 11.55 cancels it.
Structure: bullish external, bullish internal (strong low 5.24). Nearest demand OB 7.01 - 7.59.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 8.09.
- 2 The target, 3.70 (-54.3%), 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.