PSX · PAPER, BOARD & PACKAGING · 30 Min
CPPL Inverse Head & Shoulders breakout
Cherat Packaging Limited · 19 Oct 2026 · 10:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 96.00 on the breakout. Target 99.01, invalidation 92.81.
Trade plan
● Active- Close
- 96.00
- ▲ 2.13%
- Target
- 99.01
- +3.1%
- Invalidation
- 92.81
- -3.3%
RiskReward
- Reward : risk
- 0.9 : 1
- ATR
- 0.93
- Price now
- 96.00 0.0%
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
CPPL broke above its inverse head & shoulders on the 30-minute close at 96.00.
Projected target 99.01 (+3.1%). The pattern is invalidated beyond 92.81 (-3.3%), a reward-to-risk of about 0.9 : 1.
Structure: bearish external, bearish internal (strong high 106.98). Nearest demand OB 86.20 - 87.89, supply OB 100.00 - 102.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 96.00.
- 2 The target, 99.01 (+3.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 92.81 (-3.3%), cancels the setup.
- 4 Reward : risk is 0.9 : 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.