PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
ADAMS Inverse Head & Shoulders forming
Adam Sugar Mills Limited · 29 Oct 2026 · 13:00 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 66.99
- ▲ 1.49%
- Target
- 75.41
- +12.6%
- Invalidation
- —
- ATR
- 1.07
- 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
ADAMS has completed an inverse head & shoulders on the 30-minute chart with the head at 60.53 and the neckline at 67.87.
The pattern is confirmed by a 30-minute close above 68.08. The measured move from the neckline points to 75.41 (+11.1%). A close beyond the head at 60.53 cancels it.
Structure: bullish external, bearish internal (strong low 60.12). Nearest bullish FVG 66.00 - 66.86.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 66.99.
- 2 The target, 75.41 (+12.6%), is the pattern's height projected from the breakout.
- 3 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.