PSX · CHEMICAL
BIFO Falling Wedge breakout — 1 Hour chart signal
Biafo Industries Limited
1 Hour 09 Oct 2026 · 08:30 PKT
Close
104.65
▲ 0.38%
Falling Wedge breakout
Pattern breakout Against the trend
BIFO broke above its falling wedge on the hourly close at 104.65.
Projected target 115.99 (+10.8%). The pattern is invalidated beyond 102.10 (-2.4%), a reward-to-risk of about 4.4 : 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 89.00 - 90.00, supply OB 108.80 - 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 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