PSX · TEXTILE SPINNING · Daily
DINT Head & Shoulders breakdown
Din Textile Mills Limited · 28 Oct 2026
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 53.89 on the breakout. Target 9.84, invalidation 69.00.
Trade plan
- Close
- 53.89
- ▼ 2.62%
- Target
- 9.84
- -81.7%
- Invalidation
- 69.00
- +28.0%
RiskReward
- Reward : risk
- 2.9 : 1
- ATR
- 3.97
- 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 Daily candles · click to enlarge
The breakdown
DINT broke below its head & shoulders on the daily close at 53.89.
Projected target 9.84 (-81.7%). The pattern is invalidated beyond 69.00 (+28.0%), a reward-to-risk of about 2.9 : 1.
Structure: bullish external, bullish internal (strong low 34.20). Nearest demand OB 43.00 - 46.00.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 53.89.
- 2 The target, 9.84 (-81.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 69.00 (+28.0%), cancels the setup.
- 4 Reward : risk is 2.9 : 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.