PSX · TEXTILE SPINNING · 1 Hour
IDRT Inverse Head & Shoulders breakout
Idrees Textile Mills Limited · 13 Nov 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 38.50 on the breakout. Target 45.78, invalidation 31.05.
Trade plan
● Active- Close
- 38.50
- ▲ 2.67%
- Target
- 45.78
- +18.9%
- Invalidation
- 31.05
- -19.4%
RiskReward
- Reward : risk
- 1.0 : 1
- ATR
- 1.03
- Price now
- 37.99 -1.3%
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
IDRT broke above its inverse head & shoulders on the hourly close at 38.50.
Projected target 45.78 (+18.9%). The pattern is invalidated beyond 31.05 (-19.4%), a reward-to-risk of about 1.0 : 1.
Structure: bearish external, bullish internal (strong high 68.08). Nearest demand OB 27.97 - 28.50, supply OB 41.20 - 42.05.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 38.50.
- 2 The target, 45.78 (+18.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 31.05 (-19.4%), cancels the setup.
- 4 Reward : risk is 1.0 : 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.