PSX · TEXTILE SPINNING · Daily
TATM Head & Shoulders breakdown
Tata Textile Mills Limited · 20 Oct 2026
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 139.15 on the breakout. Target 81.90, invalidation 166.00.
Trade plan
● Active- Close
- 139.15
- ▼ 3.46%
- Target
- 81.90
- -41.1%
- Invalidation
- 166.00
- +19.3%
RiskReward
- Reward : risk
- 2.1 : 1
- ATR
- 7.36
- Price now
- 139.15 0.0%
Outcome measured on the daily 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 Daily candles · click to enlarge
The breakdown
TATM broke below its head & shoulders on the daily close at 139.15.
Projected target 81.90 (-41.1%). The pattern is invalidated beyond 166.00 (+19.3%), a reward-to-risk of about 2.1 : 1.
Structure: bullish external, bullish internal (strong low 34.05). Nearest demand OB 125.00 - 135.02, supply OB 208.00 - 215.67.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 139.15.
- 2 The target, 81.90 (-41.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 166.00 (+19.3%), cancels the setup.
- 4 Reward : risk is 2.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.