PSX · TEXTILE COMPOSITE · 30 Min
KTML Head & Shoulders forming
Kohinoor Textile Mills Limited · 12 Nov 2026 · 14:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 42.50
- ▲ 0.00%
- Target
- 35.77
- -15.8%
- Invalidation
- —
- ATR
- 0.65
- 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
KTML has completed a head & shoulders on the 30-minute chart with the head at 44.88 and the neckline at 40.35.
The pattern is confirmed by a 30-minute close below 40.22. The measured move from the neckline points to 35.77 (-11.4%). A close beyond the head at 44.88 cancels it.
Structure: bullish external, bearish internal (strong low 37.00). Nearest demand OB 38.12 - 38.78, supply OB 45.29 - 45.51.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 42.50.
- 2 The target, 35.77 (-15.8%), 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.