PSX · CEMENT · Daily
FCCL Bullish change of character
Fauji Cement Company Limited · 10 Nov 2026
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 63.61
- ▲ 9.58%
- Broken level
- 62.84
- -1.2%
- CHoCH level
- 36.26
- -43.0%
- ATR
- 1.90
- 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 Daily candles · click to enlarge
The breakdown
FCCL closed above the external strong high at 62.84 - the external trend turns bullish.
The daily close at 63.61 confirms it. The new external CHoCH level (strong low) is 36.26: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 36.26). Nearest demand OB 51.00 - 53.70.
How to read this signal
- 1 Price closed above the swing level at 62.84, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 36.26 (-43.0%).
- 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.