PSX · PHARMACEUTICALS · 30 Min
HINOON Head & Shoulders breakdown
Highnoon Laboratories Limited · 26 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 919.30 on the breakout. Target 855.80, invalidation 935.00.
Trade plan
● Active- Close
- 919.30
- ▼ 0.60%
- Target
- 855.80
- -6.9%
- Invalidation
- 935.00
- +1.7%
RiskReward
- Reward : risk
- 4.0 : 1
- ATR
- 5.18
- Price now
- 921.87 +0.3%
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
HINOON broke below its head & shoulders on the 30-minute close at 919.30.
Projected target 855.80 (-6.9%). The pattern is invalidated beyond 935.00 (+1.7%), a reward-to-risk of about 4.0 : 1.
Structure: bullish external, bullish internal (strong low 901.10). Nearest supply OB 1,060.00 - 1,062.01.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 919.30.
- 2 The target, 855.80 (-6.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 935.00 (+1.7%), cancels the setup.
- 4 Reward : risk is 4.0 : 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.