PSX · TEXTILE COMPOSITE · 30 Min
KTML Bullish change of character
Kohinoor Textile Mills Limited · 11 Nov 2026 · 14:30 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 44.40
- ▲ 2.07%
- Broken level
- 44.14
- -0.6%
- CHoCH level
- 37.00
- -16.7%
- ATR
- 0.69
- 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
KTML closed above the external strong high at 44.14 - the external trend turns bullish.
The 30-minute close at 44.40 confirms it. The new external CHoCH level (strong low) is 37.00: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 37.00). Nearest demand OB 43.00 - 43.81, supply OB 45.29 - 45.51.
How to read this signal
- 1 Price closed above the swing level at 44.14, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 37.00 (-16.7%).
- 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.