PSX · ENGINEERING · 30 Min
MUGHAL Inverse Head & Shoulders breakout
Mughal Iron & Steel Industries Limited · 10 Nov 2026 · 11:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 63.50 on the breakout. Target 69.27, invalidation 60.70.
Trade plan
● Active- Close
- 63.50
- ▲ 1.12%
- Target
- 69.27
- +9.1%
- Invalidation
- 60.70
- -4.4%
RiskReward
- Reward : risk
- 2.1 : 1
- ATR
- 0.63
- Price now
- 64.30 +1.3%
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
MUGHAL broke above its inverse head & shoulders on the 30-minute close at 63.50.
Projected target 69.27 (+9.1%). The pattern is invalidated beyond 60.70 (-4.4%), a reward-to-risk of about 2.1 : 1.
Structure: bullish external, bullish internal (strong low 56.96). Nearest demand OB 60.81 - 61.48, supply OB 77.00 - 77.45.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 63.50.
- 2 The target, 69.27 (+9.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 60.70 (-4.4%), cancels the setup.
- 4 Reward : risk is 2.1 : 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.