PSX · TEXTILE SPINNING · 30 Min
IDYM Head & Shoulders breakdown
Indus Dyeing & Manufacturing Co. Limited · 20 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 131.30 on the breakout. Target 117.66, invalidation 140.00.
Trade plan
● Active- Close
- 131.30
- ▼ 1.28%
- Target
- 117.66
- -10.4%
- Invalidation
- 140.00
- +6.6%
RiskReward
- Reward : risk
- 1.6 : 1
- ATR
- 2.44
- Price now
- 131.26 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
IDYM broke below its head & shoulders on the 30-minute close at 131.30.
Projected target 117.66 (-10.4%). The pattern is invalidated beyond 140.00 (+6.6%), a reward-to-risk of about 1.6 : 1.
Structure: bullish external, bullish internal (strong low 120.00). Nearest demand OB 107.60 - 108.71.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 131.30.
- 2 The target, 117.66 (-10.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 140.00 (+6.6%), cancels the setup.
- 4 Reward : risk is 1.6 : 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.