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PSX · TEXTILE SPINNING

DFSM Head & Shoulders forming — Daily chart signal

Dewan Farooque Spinning Mills Limited

Daily 08 Oct 2026

Close

14.16

▲ 2.39%

▼ Bearish

Head & Shoulders forming

Chart pattern Against the trend

DFSM Head & Shoulders forming on the daily chart, 08 Oct 2026 — PSX pattern signal by Smart Money
SMC Structure · Order Blocks · FVG · Pattern Detector Daily candles
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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.

Analysis by

Smart Money

smartmoney.pk · @smartmoneypk

Technical analysis for education only — not investment advice. Patterns can fail; manage your own risk.

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