PSX · POWER GENERATION & DISTRIBUTION · 30 Min
NPL Inverse Head & Shoulders forming
Nishat Power Limited · 06 Nov 2026 · 11:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 54.00
- ▲ 1.50%
- Target
- 58.49
- +8.3%
- Invalidation
- —
- ATR
- 0.74
- 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
NPL has completed an inverse head & shoulders on the 30-minute chart with the head at 49.50 and the neckline at 53.95.
The pattern is confirmed by a 30-minute close above 54.10. The measured move from the neckline points to 58.49 (+8.4%). A close beyond the head at 49.50 cancels it.
Structure: bullish external, bullish internal (strong low 49.50). Nearest demand OB 51.31 - 51.50, supply OB 55.40 - 57.20.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 54.00.
- 2 The target, 58.49 (+8.3%), is the pattern's height projected from the breakout.
- 3 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.