PSX · POWER GENERATION & DISTRIBUTION · 1 Hour
TSPL Inverse Head & Shoulders breakout
Tri-Star Power Limited · 21 Oct 2026 · 12:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 14.53 on the breakout. Target 16.69, invalidation 12.60.
Trade plan
● Active- Close
- 14.53
- ▲ 9.66%
- Target
- 16.69
- +14.9%
- Invalidation
- 12.60
- -13.3%
RiskReward
- Reward : risk
- 1.1 : 1
- ATR
- 0.38
- Price now
- 15.98 +10.0%
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
TSPL broke above its inverse head & shoulders on the hourly close at 14.53.
Projected target 16.69 (+14.9%). The pattern is invalidated beyond 12.60 (-13.3%), a reward-to-risk of about 1.1 : 1.
Structure: bullish external, bullish internal (strong low 8.00). Nearest demand OB 12.30 - 12.50, supply OB 14.60 - 15.20.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 14.53.
- 2 The target, 16.69 (+14.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 12.60 (-13.3%), cancels the setup.
- 4 Reward : risk is 1.1 : 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.