PSX · AUTOMOBILE ASSEMBLER · 30 Min
HCAR Bullish change of character
Honda Atlas Cars (Pakistan) Limited · 05 Nov 2026 · 09:30 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 205.98
- ▲ 2.99%
- Broken level
- 204.00
- -1.0%
- CHoCH level
- 192.12
- -6.7%
- ATR
- 1.85
- 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
HCAR closed above the external strong high at 204.00 - the external trend turns bullish.
The 30-minute close at 205.98 confirms it. The new external CHoCH level (strong low) is 192.12: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 192.12). Nearest demand OB 196.65 - 199.00, supply OB 246.48 - 252.25.
How to read this signal
- 1 Price closed above the swing level at 204.00, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 192.12 (-6.7%).
- 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.