PSX · INV. BANKS / INV. COS. / SECURITIES COS. · Daily
ENGROH Head & Shoulders breakdown
Engro Holdings Limited · 21 Oct 2026
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 255.87 on the breakout. Target 216.12, invalidation 270.00.
Trade plan
- Close
- 255.87
- ▼ 0.27%
- Target
- 216.12
- -15.5%
- Invalidation
- 270.00
- +5.5%
RiskReward
- Reward : risk
- 2.8 : 1
- ATR
- 4.41
- 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 Daily candles · click to enlarge
The breakdown
ENGROH broke below its head & shoulders on the daily close at 255.87.
Projected target 216.12 (-15.5%). The pattern is invalidated beyond 270.00 (+5.5%), a reward-to-risk of about 2.8 : 1.
Structure: bullish external, bullish internal (strong low 139.00). Nearest demand OB 212.50 - 217.90.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 255.87.
- 2 The target, 216.12 (-15.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 270.00 (+5.5%), cancels the setup.
- 4 Reward : risk is 2.8 : 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.