PSX · TEXTILE SPINNING · Daily
PRET Inverse Head & Shoulders breakout
Premium Textile Mills Limited · 30 Oct 2026
▲ Bullish Breakout Pattern breakout With the trend
Closed at 659.42 on the breakout. Target 817.90, invalidation 445.00.
Trade plan
- Close
- 659.42
- ▲ 9.00%
- Target
- 817.90
- +24.0%
- Invalidation
- 445.00
- -32.5%
RiskReward
- Reward : risk
- 0.7 : 1
- ATR
- 35.70
- 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
PRET broke above its inverse head & shoulders on the daily close at 659.42.
Projected target 817.90 (+24.0%). The pattern is invalidated beyond 445.00 (-32.5%), a reward-to-risk of about 0.7 : 1.
Structure: bullish external, bullish internal (strong low 445.00). Nearest demand OB 490.02 - 549.00.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing above the pattern at 659.42.
- 2 The target, 817.90 (+24.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 445.00 (-32.5%), cancels the setup.
- 4 Reward : risk is 0.7 : 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.