PSX · GLASS & CERAMICS · 1 Hour
TGL Inverse Head & Shoulders breakout
Tariq Glass Industries Limited · 29 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 173.00 on the breakout. Target 181.44, invalidation 154.05.
Trade plan
● Active- Close
- 173.00
- ▲ 4.28%
- Target
- 181.44
- +4.9%
- Invalidation
- 154.05
- -11.0%
RiskReward
- Reward : risk
- 0.4 : 1
- ATR
- 3.16
- Price now
- 168.02 -2.9%
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
TGL broke above its inverse head & shoulders on the hourly close at 173.00.
Projected target 181.44 (+4.9%). The pattern is invalidated beyond 154.05 (-11.0%), a reward-to-risk of about 0.4 : 1.
Structure: bearish external, bullish internal (strong high 237.00). Nearest demand OB 154.00 - 155.40, supply OB 191.94 - 195.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 173.00.
- 2 The target, 181.44 (+4.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 154.05 (-11.0%), cancels the setup.
- 4 Reward : risk is 0.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.