PSX · POWER GENERATION & DISTRIBUTION · 30 Min
NPL Inverse Head & Shoulders breakout
Nishat Power Limited · 06 Nov 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 54.70 on the breakout. Target 58.49, invalidation 51.52.
Trade plan
✓ Target hit- Close
- 54.70
- ▲ 1.30%
- Target
- 58.49
- +6.9%
- Invalidation
- 51.52
- -5.8%
RiskReward
- Reward : risk
- 1.2 : 1
- ATR
- 0.80
- Price now
- 56.40 +3.1%
- Resolved
- 10 Nov · 09:30
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
NPL broke above its inverse head & shoulders on the 30-minute close at 54.70.
Projected target 58.49 (+6.9%). The pattern is invalidated beyond 51.52 (-5.8%), a reward-to-risk of about 1.2 : 1.
Structure: bullish external, bullish internal (strong low 49.50). Nearest demand OB 51.31 - 51.50, supply OB 61.20 - 61.97.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 54.70.
- 2 The target, 58.49 (+6.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 51.52 (-5.8%), cancels the setup.
- 4 Reward : risk is 1.2 : 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.