PSX · GLASS & CERAMICS · 1 Hour
GVGL Inverse Head & Shoulders breakout
Ghani Value Glass Limited · 06 Nov 2026 · 08:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 52.34 on the breakout. Target 56.34, invalidation 50.00.
Trade plan
✕ Invalidated- Close
- 52.34
- ▲ 3.91%
- Target
- 56.34
- +7.6%
- Invalidation
- 50.00
- -4.5%
RiskReward
- Reward : risk
- 1.7 : 1
- ATR
- 1.05
- Price now
- 50.19 -4.1%
- Resolved
- 06 Nov · 09:30
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
GVGL broke above its inverse head & shoulders on the hourly close at 52.34.
Projected target 56.34 (+7.6%). The pattern is invalidated beyond 50.00 (-4.5%), a reward-to-risk of about 1.7 : 1.
Structure: bearish external, bearish internal (strong high 61.39). Nearest demand OB 48.51 - 48.79, supply OB 71.36 - 72.98.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 52.34.
- 2 The target, 56.34 (+7.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 50.00 (-4.5%), cancels the setup.
- 4 Reward : risk is 1.7 : 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.