Get started
nilambano3

Week 3 Line Chart Idea 2: MEBL with Fib Retracement

Long
MEEZAN BANK LTD (PSX_DLY:MEBL)  
nilambano3  
PSX_DLY:MEBL   MEEZAN BANK LTD
Trend Analysis Harmonic Patterns Chart Patterns
3
0
trendanalysis harmonicpatterns chartpattern
This analysis employs Fibonacci retracement levels on the MEBL line chart to formulate a trading plan.

Trade Plan:

Entry Price/Buy Limit: 209.02
Stop Loss: 194.40
Lot Size: 68
Take Profit Targets (TP):

TP1: 223.64 with Risk-Reward Ratio (RR) 1%
TP2: 238.26 with RR 2%
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.