PSX · SUGAR & ALLIED INDUSTRIES · 1 Hour
SHJS Head & Shoulders breakdown
Shahtaj Sugar Mills Limited · 28 Oct 2026 · 10:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 138.10 on the breakout. Target 98.76, invalidation 149.95.
Trade plan
✕ Invalidated- Close
- 138.10
- ▼ 7.39%
- Target
- 98.76
- -28.5%
- Invalidation
- 149.95
- +8.6%
RiskReward
- Reward : risk
- 3.3 : 1
- ATR
- 3.77
- Price now
- 156.00 +13.0%
- Resolved
- 28 Oct · 12:30
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
SHJS broke below its head & shoulders on the hourly close at 138.10.
Projected target 98.76 (-28.5%). The pattern is invalidated beyond 149.95 (+8.6%), a reward-to-risk of about 3.3 : 1.
Structure: bearish external, bearish internal (strong high 234.94). Nearest demand OB 136.40 - 137.00, supply OB 168.01 - 168.02.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 138.10.
- 2 The target, 98.76 (-28.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 149.95 (+8.6%), cancels the setup.
- 4 Reward : risk is 3.3 : 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.