PSX · PHARMACEUTICALS · Daily
IBLHL Head & Shoulders breakdown
IBL HealthCare Limited · 02 Nov 2026
▼ Bearish Breakout Pattern breakout With the trend
Closed at 37.83 on the breakout. Target 20.25, invalidation 49.50.
Trade plan
- Close
- 37.83
- ▼ 2.83%
- Target
- 20.25
- -46.5%
- Invalidation
- 49.50
- +30.8%
RiskReward
- Reward : risk
- 1.5 : 1
- ATR
- 1.40
- 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
IBLHL broke below its head & shoulders on the daily close at 37.83.
Projected target 20.25 (-46.5%). The pattern is invalidated beyond 49.50 (+30.8%), a reward-to-risk of about 1.5 : 1.
Structure: bearish external, bearish internal (strong high 85.82). Nearest demand OB 22.63 - 23.30, supply OB 64.25 - 70.21.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 37.83.
- 2 The target, 20.25 (-46.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 49.50 (+30.8%), cancels the setup.
- 4 Reward : risk is 1.5 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.