PSX · SUGAR & ALLIED INDUSTRIES · 1 Hour
CHAS Inverse Head & Shoulders breakout
Chashma Sugar Mills Limited · 20 Oct 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 93.08 on the breakout. Target 101.74, invalidation 79.00.
Trade plan
● Active- Close
- 93.08
- ▲ 7.01%
- Target
- 101.74
- +9.3%
- Invalidation
- 79.00
- -15.1%
RiskReward
- Reward : risk
- 0.6 : 1
- ATR
- 2.45
- Price now
- 95.00 +2.1%
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
CHAS broke above its inverse head & shoulders on the hourly close at 93.08.
Projected target 101.74 (+9.3%). The pattern is invalidated beyond 79.00 (-15.1%), a reward-to-risk of about 0.6 : 1.
Structure: bullish external, bullish internal (strong low 56.01). Nearest demand OB 81.54 - 81.55, supply OB 119.48 - 120.98.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 93.08.
- 2 The target, 101.74 (+9.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 79.00 (-15.1%), cancels the setup.
- 4 Reward : risk is 0.6 : 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.