PSX · POWER GENERATION & DISTRIBUTION · 1 Hour
KEL Inverse Head & Shoulders breakout
K-Electric Limited · 05 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 6.04 on the breakout. Target 6.56, invalidation 5.61.
Trade plan
● Active- Close
- 6.04
- ▲ 1.00%
- Target
- 6.56
- +8.6%
- Invalidation
- 5.61
- -7.1%
RiskReward
- Reward : risk
- 1.2 : 1
- ATR
- 0.10
- Price now
- 6.23 +3.2%
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
KEL broke above its inverse head & shoulders on the hourly close at 6.04.
Projected target 6.56 (+8.6%). The pattern is invalidated beyond 5.61 (-7.1%), a reward-to-risk of about 1.2 : 1.
Structure: bearish external, bullish internal (strong high 6.24). Nearest demand OB 5.62 - 5.68, supply OB 6.55 - 6.63.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 6.04.
- 2 The target, 6.56 (+8.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 5.61 (-7.1%), cancels the setup.
- 4 Reward : risk is 1.2 : 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.