PSX · AUTOMOBILE ASSEMBLER · 30 Min
GAL Bullish change of character
Ghandhara Automobiles Limited · 27 Oct 2026 · 10:00 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 497.00
- ▲ 0.81%
- Broken level
- 494.80
- -0.4%
- CHoCH level
- 468.80
- -5.7%
- ATR
- 4.24
- 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
GAL closed above the external strong high at 494.80 - the external trend turns bullish.
The 30-minute close at 497.00 confirms it. The new external CHoCH level (strong low) is 468.80: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 468.80). Nearest demand OB 468.80 - 473.21, supply OB 498.01 - 503.00.
How to read this signal
- 1 Price closed above the swing level at 494.80, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 468.80 (-5.7%).
- 3 Structure signals carry no fixed target: the next liquidity area is the usual objective.
Pattern guide
About the change of character (choch)
A change of character (CHoCH) is the first close against the trend's structure, breaking the swing low of an uptrend or the swing high of a downtrend: an early sign of reversal.
- Confirmation
- A candle close beyond the swing point that defined the trend.
- Target
- No fixed target: the first opposing liquidity area.
- Fails if
- A move back beyond the broken level that resumes the old trend.