PSX · FOOD & PERSONAL CARE PRODUCTS · 30 Min
MUREB Inverse Head & Shoulders forming
Murree Brewery Company Limited · 02 Nov 2026 · 14:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 905.00
- ▲ 1.57%
- Target
- 979.70
- +8.3%
- Invalidation
- —
- ATR
- 5.02
- 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
MUREB has completed an inverse head & shoulders on the 30-minute chart with the head at 860.02 and the neckline at 923.24.
The pattern is confirmed by a 30-minute close above 924.24. The measured move from the neckline points to 979.70 (+6.1%). A close beyond the head at 860.02 cancels it.
Structure: bullish external, bullish internal (strong low 836.85). Nearest bullish FVG 830.01 - 834.49.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 905.00.
- 2 The target, 979.70 (+8.3%), 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.