PSX · SUGAR & ALLIED INDUSTRIES · Daily
HRPL Head & Shoulders breakdown
Habib Rice Product Limited. · 26 Oct 2026
▼ Bearish Breakout Pattern breakout With the trend
Closed at 17.15 on the breakout. Target 11.36, invalidation 21.20.
Trade plan
- Close
- 17.15
- ▼ 4.08%
- Target
- 11.36
- -33.8%
- Invalidation
- 21.20
- +23.6%
RiskReward
- Reward : risk
- 1.4 : 1
- ATR
- 0.99
- 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
HRPL broke below its head & shoulders on the daily close at 17.15.
Projected target 11.36 (-33.8%). The pattern is invalidated beyond 21.20 (+23.6%), a reward-to-risk of about 1.4 : 1.
Structure: bearish external, bearish internal (strong high 28.59). Nearest supply OB 18.35 - 19.99.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 17.15.
- 2 The target, 11.36 (-33.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 21.20 (+23.6%), cancels the setup.
- 4 Reward : risk is 1.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.