PSX · FOOD & PERSONAL CARE PRODUCTS · 30 Min
UNITY Head & Shoulders breakdown
Unity Foods Limited · 21 Oct 2026 · 12:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 7.89 on the breakout. Target 6.39, invalidation 8.31.
Trade plan
● Active- Close
- 7.89
- ▼ 0.38%
- Target
- 6.39
- -19.0%
- Invalidation
- 8.31
- +5.3%
RiskReward
- Reward : risk
- 3.6 : 1
- ATR
- 0.09
- Price now
- 7.68 -2.7%
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
UNITY broke below its head & shoulders on the 30-minute close at 7.89.
Projected target 6.39 (-19.0%). The pattern is invalidated beyond 8.31 (+5.3%), a reward-to-risk of about 3.6 : 1.
Structure: bearish external, bullish internal (strong high 10.78). Nearest demand OB 7.55 - 7.79, supply OB 9.91 - 10.08.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 7.89.
- 2 The target, 6.39 (-19.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 8.31 (+5.3%), cancels the setup.
- 4 Reward : risk is 3.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.