PSX · SUGAR & ALLIED INDUSTRIES · 1 Hour
ANSM Bullish change of character
Ansari Sugar Mills Limited · 13 Nov 2026 · 08:30 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 29.28
- ▲ 9.99%
- Broken level
- 27.70
- -5.4%
- CHoCH level
- 19.06
- -34.9%
- ATR
- 0.72
- 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 1 Hour candles · click to enlarge
The breakdown
ANSM closed above the external strong high at 27.70 - the external trend turns bullish.
The hourly close at 29.28 confirms it. The new external CHoCH level (strong low) is 19.06: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 19.06). Nearest demand OB 21.01 - 22.50, supply OB 31.50 - 33.80.
How to read this signal
- 1 Price closed above the swing level at 27.70, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 19.06 (-34.9%).
- 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.