PSX · CHEMICAL · 30 Min
EPCL Inverse Head & Shoulders breakout
Engro Polymer & Chemicals Limited · 06 Nov 2026 · 15:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 33.04 on the breakout. Target 34.89, invalidation 31.60.
Trade plan
● Active- Close
- 33.04
- ▲ 0.73%
- Target
- 34.89
- +5.6%
- Invalidation
- 31.60
- -4.4%
RiskReward
- Reward : risk
- 1.3 : 1
- ATR
- 0.34
- Price now
- 32.51 -1.6%
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
EPCL broke above its inverse head & shoulders on the 30-minute close at 33.04.
Projected target 34.89 (+5.6%). The pattern is invalidated beyond 31.60 (-4.4%), a reward-to-risk of about 1.3 : 1.
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 33.04.
- 2 The target, 34.89 (+5.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 31.60 (-4.4%), cancels the setup.
- 4 Reward : risk is 1.3 : 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.