PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
HRPL Head & Shoulders breakdown
Habib Rice Product Limited. · 22 Oct 2026 · 10:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 19.00 on the breakout. Target 16.64, invalidation 19.87.
Trade plan
● Active- Close
- 19.00
- ▲ 0.00%
- Target
- 16.64
- -12.4%
- Invalidation
- 19.87
- +4.6%
RiskReward
- Reward : risk
- 2.7 : 1
- ATR
- 0.29
- Price now
- 18.33 -3.5%
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
HRPL broke below its head & shoulders on the 30-minute close at 19.00.
Projected target 16.64 (-12.4%). The pattern is invalidated beyond 19.87 (+4.6%), a reward-to-risk of about 2.7 : 1.
Structure: bullish external, bullish internal (strong low 18.35). Nearest supply OB 22.30 - 22.40.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 19.00.
- 2 The target, 16.64 (-12.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 19.87 (+4.6%), cancels the setup.
- 4 Reward : risk is 2.7 : 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.