PSX · TEXTILE SPINNING · 1 Hour
SZTM Inverse Head & Shoulders forming
Shahzad Textile Mills Limited · 19 Oct 2026 · 10:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 90.51
- ▲ 13.14%
- Target
- 110.64
- +22.2%
- Invalidation
- —
- ATR
- 2.67
- 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
SZTM has completed an inverse head & shoulders on the hourly chart with the head at 76.05 and the neckline at 94.53.
The pattern is confirmed by a hourly close above 95.06. The measured move from the neckline points to 110.64 (+17.0%). A close beyond the head at 76.05 cancels it.
Structure: bullish external, bearish internal (strong low 58.30). Nearest demand OB 63.50 - 65.00, supply OB 120.00 - 125.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 90.51.
- 2 The target, 110.64 (+22.2%), 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.