PSX · CHEMICAL
BIFO Falling Wedge forming — 30 Min chart signal
Biafo Industries Limited
30 Min 09 Oct 2026 · 11:30 PKT
Close
104.75
▼ 0.05%
Falling Wedge forming
Chart pattern Against the trend
BIFO is compressing inside a falling wedge on the 30-minute chart - 6 swing points, 19.0x ATR wide at the start.
Upper line 106.03, lower line 100.48. The pattern favours an upside resolution: a 30-minute close above 106.21 confirms an upside breakout, a close below 100.30 a downside break. Still active - first identified on 08 Oct 2026 09:30.
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 breakout
BIFO broke above its falling wedge on the 30-minute close at 105.00.
13 Oct 2026 · 09:30 PKT Pattern breakout
Falling Wedge breakout
BIFO broke above its falling wedge on the hourly close at 104.65.
09 Oct 2026 · 08:30 PKT Pattern breakout