PSX · TEXTILE SPINNING · 30 Min
KOHTM Head & Shoulders forming
Kohat Textile Mills Limited · 06 Nov 2026 · 09:00 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 92.47
- ▼ 1.05%
- Target
- 68.29
- -26.1%
- Invalidation
- —
- ATR
- 1.10
- 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
KOHTM has completed a head & shoulders on the 30-minute chart with the head at 102.50 and the neckline at 84.40.
The pattern is confirmed by a 30-minute close below 84.18. The measured move from the neckline points to 68.29 (-19.1%). A close beyond the head at 102.50 cancels it.
Structure: bearish external, bearish internal (strong high 138.84). Nearest demand OB 82.00 - 84.32, supply OB 99.99 - 100.49.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 92.47.
- 2 The target, 68.29 (-26.1%), 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.