PSX · TEXTILE SPINNING · 30 Min
JATM Inverse Head & Shoulders breakout
J.A. Textile Mills Limited · 28 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 60.75 on the breakout. Target 69.83, invalidation 48.14.
Trade plan
● Active- Close
- 60.75
- ▲ 7.79%
- Target
- 69.83
- +14.9%
- Invalidation
- 48.14
- -20.8%
RiskReward
- Reward : risk
- 0.7 : 1
- ATR
- 1.69
- Price now
- 62.00 +2.1%
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
JATM broke above its inverse head & shoulders on the 30-minute close at 60.75.
Projected target 69.83 (+14.9%). The pattern is invalidated beyond 48.14 (-20.8%), a reward-to-risk of about 0.7 : 1.
Structure: bullish external, bullish internal (strong low 32.05). Nearest demand OB 50.57 - 51.80, supply OB 70.01 - 72.50.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 60.75.
- 2 The target, 69.83 (+14.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 48.14 (-20.8%), cancels the setup.
- 4 Reward : risk is 0.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.