PSX · SUGAR & ALLIED INDUSTRIES · Daily
BAFS Head & Shoulders breakdown
Baba Farid Sugar Mills Limited · 26 Oct 2026
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 389.24 on the breakout. Target 149.02, invalidation 480.00.
Trade plan
- Close
- 389.24
- ▼ 9.00%
- Target
- 149.02
- -61.7%
- Invalidation
- 480.00
- +23.3%
RiskReward
- Reward : risk
- 2.6 : 1
- ATR
- 22.16
- 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
BAFS broke below its head & shoulders on the daily close at 389.24.
Projected target 149.02 (-61.7%). The pattern is invalidated beyond 480.00 (+23.3%), a reward-to-risk of about 2.6 : 1.
Structure: bullish external, bullish internal (strong low 25.00). Nearest demand OB 277.01 - 300.00.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 389.24.
- 2 The target, 149.02 (-61.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 480.00 (+23.3%), cancels the setup.
- 4 Reward : risk is 2.6 : 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.