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PSX · TEXTILE COMPOSITE

FASM Head & Shoulders forming — Daily chart signal

Faisal Spinning Mills Limited

Daily 08 Oct 2026

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324.99

▲ 2.12%

▼ Bearish

Head & Shoulders forming

Chart pattern Against the trend

FASM 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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FASM has completed a head & shoulders on the daily chart with the head at 425.00 and the neckline at 294.39.

The pattern is confirmed by a daily close below 289.61. The measured move from the neckline points to 112.61 (-61.7%). A close beyond the head at 425.00 cancels it. Still active - first identified on 21 Aug 2026.

Structure: bullish external, bullish internal (strong low 190.88). Nearest bullish FVG 206.01 - 210.01.

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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