PSX · OIL & GAS EXPLORATION COMPANIES · 30 Min
PPL Inverse Head & Shoulders breakout
Pakistan Petroleum Limited · 05 Nov 2026 · 13:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 221.30 on the breakout. Target 231.47, invalidation 210.04.
Trade plan
● Active- Close
- 221.30
- ▲ 0.28%
- Target
- 231.47
- +4.6%
- Invalidation
- 210.04
- -5.1%
RiskReward
- Reward : risk
- 0.9 : 1
- ATR
- 1.08
- Price now
- 228.49 +3.3%
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
PPL broke above its inverse head & shoulders on the 30-minute close at 221.30.
Projected target 231.47 (+4.6%). The pattern is invalidated beyond 210.04 (-5.1%), a reward-to-risk of about 0.9 : 1.
Structure: bearish external, bullish internal (strong high 250.00). Nearest demand OB 216.86 - 217.24, supply OB 221.70 - 223.29.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 221.30.
- 2 The target, 231.47 (+4.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 210.04 (-5.1%), cancels the setup.
- 4 Reward : risk is 0.9 : 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.