PSX · PHARMACEUTICALS · 30 Min
HPL Inverse Head & Shoulders breakout
Hoechst Pakistan Limited · 11 Nov 2026 · 11:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 4,049.98 on the breakout. Target 4,223.89, invalidation 3,961.30.
Trade plan
● Active- Close
- 4,049.98
- ▲ 1.71%
- Target
- 4,223.89
- +4.3%
- Invalidation
- 3,961.30
- -2.2%
RiskReward
- Reward : risk
- 2.0 : 1
- ATR
- 24.83
- Price now
- 4,009.89 -1.0%
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
HPL broke above its inverse head & shoulders on the 30-minute close at 4,049.98.
Projected target 4,223.89 (+4.3%). The pattern is invalidated beyond 3,961.30 (-2.2%), a reward-to-risk of about 2.0 : 1.
Structure: bullish external, bearish internal (strong low 3,602.00). Nearest supply OB 4,512.91 - 4,650.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 4,049.98.
- 2 The target, 4,223.89 (+4.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 3,961.30 (-2.2%), cancels the setup.
- 4 Reward : risk is 2.0 : 1: the distance to the target divided by the distance to invalidation.
- 5 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.