PSX · SUGAR & ALLIED INDUSTRIES · 1 Hour
SANSM Bullish change of character
Sanghar Sugar Mills Limited · 13 Nov 2026 · 08:30 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 154.90
- ▲ 5.80%
- Broken level
- 146.63
- -5.3%
- CHoCH level
- 111.13
- -28.3%
- ATR
- 3.07
- 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
SANSM closed above the external strong high at 146.63 - the external trend turns bullish.
The hourly close at 154.90 confirms it. The new external CHoCH level (strong low) is 111.13: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 111.13). Nearest demand OB 80.00 - 81.14.
How to read this signal
- 1 Price closed above the swing level at 146.63, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 111.13 (-28.3%).
- 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.