PSX · FOOD & PERSONAL CARE PRODUCTS · 30 Min
NESTLE Inverse Head & Shoulders breakout
Nestle Pakistan Limited · 23 Oct 2026 · 15:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 7,050.00 on the breakout. Target 7,198.89, invalidation 6,905.01.
Trade plan
● Active- Close
- 7,050.00
- ▲ 0.71%
- Target
- 7,198.89
- +2.1%
- Invalidation
- 6,905.01
- -2.1%
RiskReward
- Reward : risk
- 1.0 : 1
- ATR
- 26.81
- Price now
- 7,001.33 -0.7%
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
NESTLE broke above its inverse head & shoulders on the 30-minute close at 7,050.00.
Projected target 7,198.89 (+2.1%). The pattern is invalidated beyond 6,905.01 (-2.1%), a reward-to-risk of about 1.0 : 1.
Structure: bearish external, bullish internal (strong high 7,100.00). Nearest demand OB 6,980.00 - 7,020.00, supply OB 7,750.00 - 7,800.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 7,050.00.
- 2 The target, 7,198.89 (+2.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 6,905.01 (-2.1%), cancels the setup.
- 4 Reward : risk is 1.0 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the inverse head and shoulders
An inverse head and shoulders is a bottoming pattern: three troughs with the middle one lowest, whose neckline break often starts an uptrend.
- Confirmation
- A close above the neckline.
- Target
- The depth from the head to the neckline, projected up from the break.
- Fails if
- A close back below the right shoulder or the neckline.