PSX · TEXTILE SPINNING · 30 Min
SERT Head & Shoulders breakdown
Service Industries Textiles Limited · 22 Oct 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 35.22 on the breakout. Target 32.48, invalidation 37.50.
Trade plan
● Active- Close
- 35.22
- ▼ 2.17%
- Target
- 32.48
- -7.8%
- Invalidation
- 37.50
- +6.5%
RiskReward
- Reward : risk
- 1.2 : 1
- ATR
- 0.53
- Price now
- 35.55 +0.9%
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
SERT broke below its head & shoulders on the 30-minute close at 35.22.
Projected target 32.48 (-7.8%). The pattern is invalidated beyond 37.50 (+6.5%), a reward-to-risk of about 1.2 : 1.
Structure: bullish external, bullish internal (strong low 30.00). Nearest demand OB 27.01 - 27.77, supply OB 39.20 - 39.37.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 35.22.
- 2 The target, 32.48 (-7.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 37.50 (+6.5%), cancels the setup.
- 4 Reward : risk is 1.2 : 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.