PSX · TEXTILE COMPOSITE · 30 Min
CHBL Inverse Head & Shoulders forming
Chenab Limited · 19 Oct 2026 · 11:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 9.69
- ▲ 2.11%
- Target
- 11.23
- +15.9%
- Invalidation
- —
- ATR
- 0.24
- 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
CHBL has completed an inverse head & shoulders on the 30-minute chart with the head at 8.25 and the neckline at 9.66.
The pattern is confirmed by a 30-minute close above 9.71. The measured move from the neckline points to 11.23 (+16.2%). A close beyond the head at 8.25 cancels it.
Structure: bullish external, bearish internal (strong low 7.50). Nearest demand OB 7.50 - 7.96, supply OB 9.97 - 10.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 9.69.
- 2 The target, 11.23 (+15.9%), is the pattern's height projected from the breakout.
- 3 Trend context: with the trend.
Pattern guide
About the inverse head and shoulders
An inverse head and shoulders is a bottoming pattern: three troughs with the middle one lowest, whose neckline break often starts an uptrend.
- Confirmation
- A close above the neckline.
- Target
- The depth from the head to the neckline, projected up from the break.
- Fails if
- A close back below the right shoulder or the neckline.