PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
HRPL Bearish change of character
Habib Rice Product Limited. · 10 Nov 2026 · 10:00 PKT
▼ Bearish CHoCH Market structure · CHoCH
Structure levels
- Close
- 17.07
- ▼ 2.46%
- Broken level
- 17.12
- +0.3%
- CHoCH level
- 17.99
- +5.4%
- ATR
- 0.24
- 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
HRPL closed below the external strong low at 17.12 - the external trend turns bearish.
The 30-minute close at 17.07 confirms it. The new external CHoCH level (strong high) is 17.99: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 17.99). Nearest demand OB 16.30 - 16.60, supply OB 18.70 - 18.80.
How to read this signal
- 1 Price closed below the swing level at 17.12, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 17.99 (+5.4%).
- 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.