PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
HABSM Inverse Head & Shoulders forming
Habib Sugar Mills Limited · 04 Nov 2026 · 12:00 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 83.00
- ▲ 1.84%
- Target
- 92.02
- +10.9%
- Invalidation
- —
- ATR
- 0.71
- 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
HABSM has completed an inverse head & shoulders on the 30-minute chart with the head at 73.10 and the neckline at 82.98.
The pattern is confirmed by a 30-minute close above 83.12. The measured move from the neckline points to 92.02 (+10.9%). A close beyond the head at 73.10 cancels it.
Structure: bullish external, bullish internal (strong low 70.00). Nearest demand OB 80.00 - 80.55.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 83.00.
- 2 The target, 92.02 (+10.9%), is the pattern's height projected from the breakout.
- 3 Trend context: with the trend.
Pattern guide
About the inverse head and shoulders
An inverse head and shoulders is a bottoming pattern: three troughs with the middle one lowest, whose neckline break often starts an uptrend.
- Confirmation
- A close above the neckline.
- Target
- The depth from the head to the neckline, projected up from the break.
- Fails if
- A close back below the right shoulder or the neckline.