PSX · TEXTILE COMPOSITE
FASM Head & Shoulders forming — 30 Min chart signal
Faisal Spinning Mills Limited
30 Min 15 Oct 2026 · 10:00 PKT
Close
327.00
▲ 2.19%
Head & Shoulders forming
Chart pattern Against the trend
FASM has completed a head & shoulders on the 30-minute chart with the head at 368.00 and the neckline at 297.09.
The pattern is confirmed by a 30-minute close below 295.07. The measured move from the neckline points to 232.88 (-21.6%). A close beyond the head at 368.00 cancels it.
Structure: bullish external, bearish internal (strong low 240.02). Nearest demand OB 295.00 - 295.11, supply OB 369.99 - 371.86.