PSX · TEXTILE COMPOSITE · Daily
INKL Inverse Head & Shoulders breakout
International Knitwear Limited · 03 Nov 2026
▲ Bullish Breakout Pattern breakout With the trend
Closed at 146.65 on the breakout. Target 192.52, invalidation 83.80.
Trade plan
- Close
- 146.65
- ▲ 10.00%
- Target
- 192.52
- +31.3%
- Invalidation
- 83.80
- -42.9%
RiskReward
- Reward : risk
- 0.7 : 1
- ATR
- 10.87
- 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
INKL broke above its inverse head & shoulders on the daily close at 146.65.
Projected target 192.52 (+31.3%). The pattern is invalidated beyond 83.80 (-42.9%), a reward-to-risk of about 0.7 : 1.
Structure: bullish external, bullish internal (strong low 60.36). Nearest demand OB 94.01 - 101.98.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing above the pattern at 146.65.
- 2 The target, 192.52 (+31.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 83.80 (-42.9%), 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.