PSX · TEXTILE SPINNING · 1 Hour
SHCM Inverse Head & Shoulders breakout
Shadman Cotton Mills Limited · 11 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 84.69 on the breakout. Target 115.58, invalidation 62.83.
Trade plan
● Active- Close
- 84.69
- ▲ 9.97%
- Target
- 115.58
- +36.5%
- Invalidation
- 62.83
- -25.8%
RiskReward
- Reward : risk
- 1.4 : 1
- ATR
- 4.07
- Price now
- 84.69 0.0%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
SHCM broke above its inverse head & shoulders on the hourly close at 84.69.
Projected target 115.58 (+36.5%). The pattern is invalidated beyond 62.83 (-25.8%), a reward-to-risk of about 1.4 : 1.
Structure: bullish external, bullish internal (strong low 48.03). Nearest demand OB 70.00 - 74.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 84.69.
- 2 The target, 115.58 (+36.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 62.83 (-25.8%), cancels the setup.
- 4 Reward : risk is 1.4 : 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.