PSX · POWER GENERATION & DISTRIBUTION · 30 Min
SEL Head & Shoulders breakdown
Sitara Energy Limited · 20 Oct 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 24.13 on the breakout. Target 21.02, invalidation 25.99.
Trade plan
● Active- Close
- 24.13
- ▼ 4.63%
- Target
- 21.02
- -12.9%
- Invalidation
- 25.99
- +7.7%
RiskReward
- Reward : risk
- 1.7 : 1
- ATR
- 0.61
- Price now
- 25.19 +4.4%
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
SEL broke below its head & shoulders on the 30-minute close at 24.13.
Projected target 21.02 (-12.9%). The pattern is invalidated beyond 25.99 (+7.7%), a reward-to-risk of about 1.7 : 1.
Structure: bullish external, bullish internal (strong low 23.12). Nearest demand OB 22.22 - 22.50, supply OB 32.00 - 32.02.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 24.13.
- 2 The target, 21.02 (-12.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 25.99 (+7.7%), cancels the setup.
- 4 Reward : risk is 1.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the head and shoulders
A head and shoulders is a topping pattern: three peaks with the middle one highest, resting on a "neckline" whose break often ends an uptrend.
- Confirmation
- A close below the neckline.
- Target
- The height from the head to the neckline, projected down from the break.
- Fails if
- A close back above the right shoulder or the neckline.