PSX · INSURANCE · 30 Min
SHNI Head & Shoulders breakdown
Shaheen Insurance Company Limited · 27 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 7.61 on the breakout. Target 6.47, invalidation 8.34.
Trade plan
● Active- Close
- 7.61
- ▼ 6.40%
- Target
- 6.47
- -15.0%
- Invalidation
- 8.34
- +9.6%
RiskReward
- Reward : risk
- 1.6 : 1
- ATR
- 0.20
- Price now
- 8.10 +6.4%
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
SHNI broke below its head & shoulders on the 30-minute close at 7.61.
Projected target 6.47 (-15.0%). The pattern is invalidated beyond 8.34 (+9.6%), a reward-to-risk of about 1.6 : 1.
Structure: bullish external, bearish internal (strong low 6.61). Nearest demand OB 7.35 - 7.36, supply OB 9.75 - 9.95.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 7.61.
- 2 The target, 6.47 (-15.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 8.34 (+9.6%), 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.