PSX · TEXTILE SPINNING · 1 Hour
KOHTM Head & Shoulders breakdown
Kohat Textile Mills Limited · 02 Nov 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 87.99 on the breakout. Target 48.32, invalidation 96.90.
Trade plan
● Active- Close
- 87.99
- ▼ 5.40%
- Target
- 48.32
- -45.1%
- Invalidation
- 96.90
- +10.1%
RiskReward
- Reward : risk
- 4.5 : 1
- ATR
- 2.81
- Price now
- 88.00 +0.0%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
KOHTM broke below its head & shoulders on the hourly close at 87.99.
Projected target 48.32 (-45.1%). The pattern is invalidated beyond 96.90 (+10.1%), a reward-to-risk of about 4.5 : 1.
Structure: bearish external, bearish internal (strong high 210.00). Nearest demand OB 55.00 - 55.10, supply OB 98.00 - 102.50.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 87.99.
- 2 The target, 48.32 (-45.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 96.90 (+10.1%), cancels the setup.
- 4 Reward : risk is 4.5 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.