PSX · TRANSPORT · 1 Hour
PNSC Inverse Head & Shoulders breakout
Pakistan National Shipping Corporation · 30 Oct 2026 · 15:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 586.99 on the breakout. Target 644.19, invalidation 545.00.
Trade plan
● Active- Close
- 586.99
- ▲ 4.08%
- Target
- 644.19
- +9.7%
- Invalidation
- 545.00
- -7.2%
RiskReward
- Reward : risk
- 1.4 : 1
- ATR
- 9.98
- Price now
- 586.99 0.0%
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
PNSC broke above its inverse head & shoulders on the hourly close at 586.99.
Projected target 644.19 (+9.7%). The pattern is invalidated beyond 545.00 (-7.2%), a reward-to-risk of about 1.4 : 1.
Structure: bullish external, bullish internal (strong low 490.00). Nearest demand OB 555.00 - 569.00, supply OB 595.08 - 598.48.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 586.99.
- 2 The target, 644.19 (+9.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 545.00 (-7.2%), 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 inverse head and shoulders
An inverse head and shoulders is a bottoming pattern: three troughs with the middle one lowest, whose neckline break often starts an uptrend.
- Confirmation
- A close above the neckline.
- Target
- The depth from the head to the neckline, projected up from the break.
- Fails if
- A close back below the right shoulder or the neckline.