PSX · SYNTHETIC & RAYON
IBFL Head & Shoulders forming — 1 Hour chart signal
Ibrahim Fibres Limited
1 Hour 09 Oct 2026 · 15:30 PKT
Close
242.02
▼ 3.58%
Head & Shoulders forming
Chart pattern Against the trend
IBFL has completed a head & shoulders on the hourly chart with the head at 306.64 and the neckline at 243.01.
The pattern is confirmed by a hourly close below 241.36. The measured move from the neckline points to 161.88 (-33.4%). A close beyond the head at 306.64 cancels it.
Structure: bullish external, bearish internal (strong low 194.80). Nearest supply OB 343.39 - 346.00.