PSX · TEXTILE COMPOSITE · 30 Min
KTML Inverse Head & Shoulders breakout
Kohinoor Textile Mills Limited · 04 Nov 2026 · 12:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 40.18 on the breakout. Target 42.73, invalidation 38.12.
Trade plan
● Active- Close
- 40.18
- ▲ 0.45%
- Target
- 42.73
- +6.3%
- Invalidation
- 38.12
- -5.1%
RiskReward
- Reward : risk
- 1.2 : 1
- ATR
- 0.36
- Price now
- 40.00 -0.5%
Outcome measured on the 30 min bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- 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 broke above its inverse head & shoulders on the 30-minute close at 40.18.
Projected target 42.73 (+6.3%). The pattern is invalidated beyond 38.12 (-5.1%), a reward-to-risk of about 1.2 : 1.
Structure: bearish external, bullish internal (strong high 44.14). 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 above the pattern at 40.18.
- 2 The target, 42.73 (+6.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 38.12 (-5.1%), cancels the setup.
- 4 Reward : risk is 1.2 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.