PSX · AUTOMOBILE ASSEMBLER · 30 Min
INDU Bullish change of character
Indus Motor Company Limited · 28 Oct 2026 · 09:30 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 1,814.99
- ▲ 1.40%
- Broken level
- 1,800.00
- -0.8%
- CHoCH level
- 1,750.13
- -3.6%
- ATR
- 8.76
- 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
INDU closed above the external strong high at 1,800.00 - the external trend turns bullish.
The 30-minute close at 1,814.99 confirms it. The new external CHoCH level (strong low) is 1,750.13: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 1,750.13). Nearest demand OB 1,780.00 - 1,788.98, supply OB 1,886.00 - 1,898.00.
How to read this signal
- 1 Price closed above the swing level at 1,800.00, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 1,750.13 (-3.6%).
- 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.