PSX · CEMENT · 30 Min
LUCK Inverse Head & Shoulders forming
Lucky Cement Limited · 02 Nov 2026 · 13:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 396.22
- ▲ 0.63%
- Target
- 420.19
- +6.0%
- Invalidation
- —
- ATR
- 2.55
- 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
LUCK has completed an inverse head & shoulders on the 30-minute chart with the head at 382.13 and the neckline at 400.19.
The pattern is confirmed by a 30-minute close above 400.70. The measured move from the neckline points to 420.19 (+5.0%). A close beyond the head at 382.13 cancels it.
Structure: bearish external, bullish internal (strong high 407.00). Nearest demand OB 382.16 - 386.16, supply OB 404.11 - 406.80.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 396.22.
- 2 The target, 420.19 (+6.0%), is the pattern's height projected from the breakout.
- 3 Trend context: against 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.