PSX · TEXTILE COMPOSITE
FASM Head & Shoulders breakdown — Daily chart signal
Faisal Spinning Mills Limited
Daily 16 Oct 2026
Close
288.72
▼ 6.87%
Head & Shoulders breakdown
Pattern breakout Against the trend
FASM broke below its head & shoulders on the daily close at 288.72.
Projected target 114.61 (-60.3%). The pattern is invalidated beyond 393.86 (+36.4%), a reward-to-risk of about 1.7 : 1.
Structure: bullish external, bullish internal (strong low 190.88). Nearest demand OB 163.00 - 165.00.
More for FASM
FASM company page →Head & Shoulders breakdown
FASM broke below its head & shoulders on the 30-minute close at 290.01.
16 Oct 2026 · 15:30 PKT Pattern breakout
Symmetrical Triangle breakdown
FASM broke below its symmetrical triangle on the daily close at 288.72.
16 Oct 2026 Pattern breakout
Head & Shoulders forming
FASM has completed a head & shoulders on the 30-minute chart with the head at 368.00 and the neckline at 297.09.
15 Oct 2026 · 10:00 PKT Chart pattern
Head & Shoulders forming
FASM has completed a head & shoulders on the daily chart with the head at 425.00 and the neckline at 294.39.
08 Oct 2026 Chart pattern