PSX · CHEMICAL · 30 Min
SITC Inverse Head & Shoulders breakout
Sitara Chemical Industries Limited · 04 Nov 2026 · 15:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 615.00 on the breakout. Target 663.26, invalidation 594.90.
Trade plan
● Active- Close
- 615.00
- ▲ 1.15%
- Target
- 663.26
- +7.8%
- Invalidation
- 594.90
- -3.3%
RiskReward
- Reward : risk
- 2.4 : 1
- ATR
- 5.64
- Price now
- 615.00 0.0%
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
SITC broke above its inverse head & shoulders on the 30-minute close at 615.00.
Projected target 663.26 (+7.8%). The pattern is invalidated beyond 594.90 (-3.3%), a reward-to-risk of about 2.4 : 1.
Structure: bearish external, bullish internal (strong high 771.15). Nearest supply OB 680.02 - 687.99.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 615.00.
- 2 The target, 663.26 (+7.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 594.90 (-3.3%), cancels the setup.
- 4 Reward : risk is 2.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.