PSX · CHEMICAL
BIFO Falling Wedge breakout — 30 Min chart signal
Biafo Industries Limited
30 Min 13 Oct 2026 · 09:30 PKT
Close
105.00
▲ 0.96%
Falling Wedge breakout
Pattern breakout Against the trend
BIFO broke above its falling wedge on the 30-minute close at 105.00.
Projected target 115.12 (+9.6%). The pattern is invalidated beyond 101.51 (-3.3%), a reward-to-risk of about 2.9 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 161.99). Nearest demand OB 94.12 - 95.87, supply OB 109.10 - 110.65.
More for BIFO
BIFO company page →Falling Wedge forming
BIFO is compressing inside a falling wedge on the 30-minute chart - 6 swing points, 19.0x ATR wide at the start.
09 Oct 2026 · 11:30 PKT Chart pattern
Falling Wedge breakout
BIFO broke above its falling wedge on the hourly close at 104.65.
09 Oct 2026 · 08:30 PKT Pattern breakout