PSX · TEXTILE SPINNING · 1 Hour
NCML Inverse Head & Shoulders breakout
Nazir Cotton Mills Limited · 13 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 15.00 on the breakout. Target 17.32, invalidation 13.65.
Trade plan
● Active- Close
- 15.00
- ▲ 2.74%
- Target
- 17.32
- +15.5%
- Invalidation
- 13.65
- -9.0%
RiskReward
- Reward : risk
- 1.7 : 1
- ATR
- 0.35
- Price now
- 15.00 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
NCML broke above its inverse head & shoulders on the hourly close at 15.00.
Projected target 17.32 (+15.5%). The pattern is invalidated beyond 13.65 (-9.0%), a reward-to-risk of about 1.7 : 1.
Structure: bullish external, bullish internal (strong low 12.00). Nearest demand OB 13.16 - 13.61.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 15.00.
- 2 The target, 17.32 (+15.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 13.65 (-9.0%), cancels the setup.
- 4 Reward : risk is 1.7 : 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.