PSX · ENGINEERING · 30 Min
BCL Inverse Head & Shoulders breakout
Bolan Castings Limited · 29 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 77.00 on the breakout. Target 87.18, invalidation 71.01.
Trade plan
● Active- Close
- 77.00
- ▲ 2.60%
- Target
- 87.18
- +13.2%
- Invalidation
- 71.01
- -7.8%
RiskReward
- Reward : risk
- 1.7 : 1
- ATR
- 1.63
- Price now
- 73.10 -5.1%
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
BCL broke above its inverse head & shoulders on the 30-minute close at 77.00.
Projected target 87.18 (+13.2%). The pattern is invalidated beyond 71.01 (-7.8%), a reward-to-risk of about 1.7 : 1.
Structure: bullish external, bullish internal (strong low 62.00). Nearest demand OB 64.50 - 65.98, supply OB 88.00 - 92.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 77.00.
- 2 The target, 87.18 (+13.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 71.01 (-7.8%), cancels the setup.
- 4 Reward : risk is 1.7 : 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.