PSX · INV. BANKS / INV. COS. / SECURITIES COS. · Daily
JSCL Head & Shoulders breakdown
Jahangir Siddiqui & Co. Ltd. · 29 Oct 2026
▼ Bearish Breakout Pattern breakout With the trend
Closed at 19.01 on the breakout. Target 7.65, invalidation 23.85.
Trade plan
● Active- Close
- 19.01
- ▼ 3.26%
- Target
- 7.65
- -59.8%
- Invalidation
- 23.85
- +25.5%
RiskReward
- Reward : risk
- 2.3 : 1
- ATR
- 1.18
- Price now
- 19.01 0.0%
Outcome measured on the daily 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 Daily candles · click to enlarge
The breakdown
JSCL broke below its head & shoulders on the daily close at 19.01.
Projected target 7.65 (-59.8%). The pattern is invalidated beyond 23.85 (+25.5%), a reward-to-risk of about 2.3 : 1.
Structure: bearish external, bearish internal (strong high 32.20). Nearest demand OB 11.42 - 11.79, supply OB 21.80 - 23.32.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 19.01.
- 2 The target, 7.65 (-59.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 23.85 (+25.5%), cancels the setup.
- 4 Reward : risk is 2.3 : 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.