PSX · CHEMICAL · 30 Min
NICL Head & Shoulders breakdown
Nimir Industrial Chemicals Limited · 05 Nov 2026 · 15:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 276.00 on the breakout. Target 263.00, invalidation 281.95.
Trade plan
● Active- Close
- 276.00
- ▼ 1.04%
- Target
- 263.00
- -4.7%
- Invalidation
- 281.95
- +2.2%
RiskReward
- Reward : risk
- 2.2 : 1
- ATR
- 1.94
- Price now
- 278.25 +0.8%
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
NICL broke below its head & shoulders on the 30-minute close at 276.00.
Projected target 263.00 (-4.7%). The pattern is invalidated beyond 281.95 (+2.2%), a reward-to-risk of about 2.2 : 1.
Structure: bullish external, bullish internal (strong low 254.00). Nearest demand OB 247.10 - 248.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 276.00.
- 2 The target, 263.00 (-4.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 281.95 (+2.2%), cancels the setup.
- 4 Reward : risk is 2.2 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the head and shoulders
A head and shoulders is a topping pattern: three peaks with the middle one highest, resting on a "neckline" whose break often ends an uptrend.
- Confirmation
- A close below the neckline.
- Target
- The height from the head to the neckline, projected down from the break.
- Fails if
- A close back above the right shoulder or the neckline.