PSX · CHEMICAL · 30 Min
EPCL Inverse Head & Shoulders forming
Engro Polymer & Chemicals Limited · 06 Nov 2026 · 14:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 32.80
- ▲ 2.50%
- Target
- 34.89
- +6.4%
- Invalidation
- —
- ATR
- 0.32
- 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
EPCL has completed an inverse head & shoulders on the 30-minute chart with the head at 30.20 and the neckline at 32.81.
The pattern is confirmed by a 30-minute close above 32.87. The measured move from the neckline points to 34.89 (+6.3%). A close beyond the head at 30.20 cancels it.
Structure: bullish external, bullish internal (strong low 30.20). Nearest demand OB 31.60 - 32.30, supply OB 34.41 - 34.80.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 32.80.
- 2 The target, 34.89 (+6.4%), is the pattern's height projected from the breakout.
- 3 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.