PSX · CEMENT · 30 Min
THCCL Head & Shoulders forming
Thatta Cement Company Limited · 06 Nov 2026 · 16:00 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 71.35
- ▼ 0.20%
- Target
- 61.98
- -13.1%
- Invalidation
- —
- ATR
- 0.71
- 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
THCCL has completed a head & shoulders on the 30-minute chart with the head at 76.45 and the neckline at 69.44.
The pattern is confirmed by a 30-minute close below 69.30. The measured move from the neckline points to 61.98 (-10.7%). A close beyond the head at 76.45 cancels it.
Structure: bullish external, bullish internal (strong low 58.13). Nearest demand OB 63.60 - 64.40, supply OB 79.75 - 79.96.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 71.35.
- 2 The target, 61.98 (-13.1%), 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.