PSX · INV. BANKS / INV. COS. / SECURITIES COS. · Daily
JSCL Head & Shoulders forming
Jahangir Siddiqui & Co. Ltd. · 26 Oct 2026
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 20.33
- ▼ 3.79%
- Target
- 7.59
- -62.7%
- Invalidation
- —
- ATR
- 1.16
- 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
JSCL has completed a head & shoulders on the daily chart with the head at 29.90 and the neckline at 19.57.
The pattern is confirmed by a daily close below 19.34. The measured move from the neckline points to 7.59 (-61.2%). A close beyond the head at 29.90 cancels it.
Structure: bearish external, bullish internal (strong high 32.20). Nearest demand OB 17.11 - 18.99, supply OB 28.10 - 28.51.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 20.33.
- 2 The target, 7.59 (-62.7%), is the pattern's height projected from the breakout.
- 3 Trend context: with 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.