PSX · LEATHER & TANNERIES · 30 Min
SRVI Bullish change of character
Service Industries Limited · 06 Nov 2026 · 16:00 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 175.00
- ▲ 4.79%
- Broken level
- 171.00
- -2.3%
- CHoCH level
- 153.10
- -12.5%
- ATR
- 2.65
- 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
SRVI closed above the external strong high at 171.00 - the external trend turns bullish.
The 30-minute close at 175.00 confirms it. The new external CHoCH level (strong low) is 153.10: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 153.10). Nearest demand OB 165.10 - 168.00, supply OB 180.00 - 180.75.
How to read this signal
- 1 Price closed above the swing level at 171.00, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 153.10 (-12.5%).
- 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.