PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
JSML Inverse Head & Shoulders breakout
Jauharabad Sugar Mills Limited · 27 Oct 2026 · 11:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 49.24 on the breakout. Target 53.18, invalidation 47.10.
Trade plan
✕ Invalidated- Close
- 49.24
- ▲ 2.58%
- Target
- 53.18
- +8.0%
- Invalidation
- 47.10
- -4.3%
RiskReward
- Reward : risk
- 1.8 : 1
- ATR
- 0.68
- Price now
- 47.98 -2.6%
- Resolved
- 28 Oct · 12:00
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
JSML broke above its inverse head & shoulders on the 30-minute close at 49.24.
Projected target 53.18 (+8.0%). The pattern is invalidated beyond 47.10 (-4.3%), a reward-to-risk of about 1.8 : 1.
Structure: bearish external, bullish internal (strong high 50.90). Nearest supply OB 55.00 - 55.50.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 49.24.
- 2 The target, 53.18 (+8.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 47.10 (-4.3%), cancels the setup.
- 4 Reward : risk is 1.8 : 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.