PSX · SYNTHETIC & RAYON · 30 Min
NSRM Head & Shoulders forming
The National Silk & Rayon Mills Limited · 06 Nov 2026 · 10:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 185.00
- ▼ 7.50%
- Target
- 137.31
- -25.8%
- Invalidation
- —
- ATR
- 4.66
- 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
NSRM has completed a head & shoulders on the 30-minute chart with the head at 215.98 and the neckline at 172.38.
The pattern is confirmed by a 30-minute close below 171.45. The measured move from the neckline points to 137.31 (-20.3%). A close beyond the head at 215.98 cancels it.
Structure: bullish external, bullish internal (strong low 180.00). Nearest demand OB 145.51 - 159.60, supply OB 273.69 - 274.90.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 185.00.
- 2 The target, 137.31 (-25.8%), is the pattern's height projected from the breakout.
- 3 Trend context: against 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.