PSX · SYNTHETIC & RAYON
IBFL Head & Shoulders forming — Daily chart signal
Ibrahim Fibres Limited
Daily 08 Oct 2026
Close
251.95
▲ 2.42%
Head & Shoulders forming
Chart pattern Against the trend
IBFL has completed a head & shoulders on the daily chart with the head at 397.32 and the neckline at 228.57.
The pattern is confirmed by a daily close below 225.75. The measured move from the neckline points to 39.36 (-82.8%). A close beyond the head at 397.32 cancels it. Still active - first identified on 23 Sep 2026.
Structure: bullish external, bullish internal (strong low 176.55). Nearest demand OB 115.00 - 129.75.