PSX · TEXTILE SPINNING · 1 Hour
SZTM Inverse Head & Shoulders breakout
Shahzad Textile Mills Limited · 20 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 99.56 on the breakout. Target 110.76, invalidation 78.50.
Trade plan
● Active- Close
- 99.56
- ▲ 10.00%
- Target
- 110.76
- +11.2%
- Invalidation
- 78.50
- -21.2%
RiskReward
- Reward : risk
- 0.5 : 1
- ATR
- 2.63
- Price now
- 99.56 0.0%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
SZTM broke above its inverse head & shoulders on the hourly close at 99.56.
Projected target 110.76 (+11.2%). The pattern is invalidated beyond 78.50 (-21.2%), a reward-to-risk of about 0.5 : 1.
Structure: bullish external, bullish internal (strong low 58.30). Nearest demand OB 80.00 - 84.84, supply OB 120.00 - 125.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 99.56.
- 2 The target, 110.76 (+11.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 78.50 (-21.2%), cancels the setup.
- 4 Reward : risk is 0.5 : 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.