PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
HABSM Inverse Head & Shoulders breakout
Habib Sugar Mills Limited · 12 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 83.88 on the breakout. Target 92.80, invalidation 80.00.
Trade plan
● Active- Close
- 83.88
- ▲ 2.29%
- Target
- 92.80
- +10.6%
- Invalidation
- 80.00
- -4.6%
RiskReward
- Reward : risk
- 2.3 : 1
- ATR
- 0.50
- Price now
- 82.10 -2.1%
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
HABSM broke above its inverse head & shoulders on the 30-minute close at 83.88.
Projected target 92.80 (+10.6%). The pattern is invalidated beyond 80.00 (-4.6%), a reward-to-risk of about 2.3 : 1.
Structure: bullish external, bullish internal (strong low 70.00). Nearest demand OB 81.99 - 83.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 83.88.
- 2 The target, 92.80 (+10.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 80.00 (-4.6%), cancels the setup.
- 4 Reward : risk is 2.3 : 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.