PSX · TEXTILE SPINNING
DFSM Head & Shoulders forming — Daily chart signal
Dewan Farooque Spinning Mills Limited
Daily 08 Oct 2026
Close
14.16
▲ 2.39%
Head & Shoulders forming
Chart pattern Against the trend
DFSM has completed a head & shoulders on the daily chart with the head at 35.24 and the neckline at 8.48.
The pattern is confirmed by a daily close below 8.24. The measured move from the neckline points to -11.85 (-239.7%). A close beyond the head at 35.24 cancels it. Still active - first identified on 25 Sep 2026.
Structure: bullish external, bullish internal (strong low 3.75). Nearest demand OB 11.50 - 11.99, supply OB 16.90 - 18.10.