PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
NONS Head & Shoulders breakdown
Noon Sugar Mills Limited · 23 Oct 2026 · 16:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 81.10 on the breakout. Target 66.74, invalidation 83.99.
Trade plan
✕ Invalidated- Close
- 81.10
- ▼ 1.10%
- Target
- 66.74
- -17.7%
- Invalidation
- 83.99
- +3.6%
RiskReward
- Reward : risk
- 5.0 : 1
- ATR
- 0.80
- Price now
- 81.30 +0.3%
- Resolved
- 26 Oct · 10:00
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
NONS broke below its head & shoulders on the 30-minute close at 81.10.
Projected target 66.74 (-17.7%). The pattern is invalidated beyond 83.99 (+3.6%), a reward-to-risk of about 5.0 : 1.
Structure: bearish external, bearish internal (strong high 125.99). Nearest supply OB 82.49 - 82.50.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 81.10.
- 2 The target, 66.74 (-17.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 83.99 (+3.6%), cancels the setup.
- 4 Reward : risk is 5.0 : 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.