PSX · JUTE · 30 Min
SUHJ Head & Shoulders breakdown
Suhail Jute Mills Limited · 03 Nov 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 155.02 on the breakout. Target 120.88, invalidation 178.25.
Trade plan
● Active- Close
- 155.02
- ▼ 11.42%
- Target
- 120.88
- -22.0%
- Invalidation
- 178.25
- +15.0%
RiskReward
- Reward : risk
- 1.5 : 1
- ATR
- 5.84
- Price now
- 173.99 +12.2%
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
SUHJ broke below its head & shoulders on the 30-minute close at 155.02.
Projected target 120.88 (-22.0%). The pattern is invalidated beyond 178.25 (+15.0%), a reward-to-risk of about 1.5 : 1.
Structure: bullish external, bearish internal (strong low 107.31). Nearest demand OB 116.00 - 117.00, supply OB 206.05 - 224.98.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 155.02.
- 2 The target, 120.88 (-22.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 178.25 (+15.0%), cancels the setup.
- 4 Reward : risk is 1.5 : 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.