PSX · AUTOMOBILE PARTS & ACCESSORIES · 30 Min
EXIDE Inverse Head & Shoulders breakout
Exide Pakistan Limited · 06 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 420.00 on the breakout. Target 464.91, invalidation 404.02.
Trade plan
● Active- Close
- 420.00
- ▲ 2.66%
- Target
- 464.91
- +10.7%
- Invalidation
- 404.02
- -3.8%
RiskReward
- Reward : risk
- 2.8 : 1
- ATR
- 6.43
- Price now
- 419.98 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
EXIDE broke above its inverse head & shoulders on the 30-minute close at 420.00.
Projected target 464.91 (+10.7%). The pattern is invalidated beyond 404.02 (-3.8%), a reward-to-risk of about 2.8 : 1.
Structure: bullish external, bullish internal (strong low 358.50). Nearest demand OB 404.02 - 414.38, supply OB 539.00 - 541.99.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 420.00.
- 2 The target, 464.91 (+10.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 404.02 (-3.8%), cancels the setup.
- 4 Reward : risk is 2.8 : 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.