PSX · POWER GENERATION & DISTRIBUTION · 1 Hour
NPL Inverse Head & Shoulders forming
Nishat Power Limited · 27 Oct 2026 · 13:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 55.15
- ▲ 3.08%
- Target
- 65.93
- +19.5%
- Invalidation
- —
- ATR
- 0.93
- 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 1 Hour candles · click to enlarge
The breakdown
NPL has completed an inverse head & shoulders on the hourly chart with the head at 51.50 and the neckline at 59.27.
The pattern is confirmed by a hourly close above 59.46. The measured move from the neckline points to 65.93 (+11.2%). A close beyond the head at 51.50 cancels it.
Structure: bearish external, bullish internal (strong high 57.54). Nearest demand OB 51.81 - 52.25, supply OB 61.20 - 62.44.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 55.15.
- 2 The target, 65.93 (+19.5%), is the pattern's height projected from the breakout.
- 3 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.