MEBL (Buying On Dip).MEBL (Buying On Dip). is recommended at the level of 213-216, and sells at 225 as tp 1 and 235 as tp 2. As 215 has been channel bottom with good support lying on it . place Sl below the recent support line.
Next report date
Report period
Q2 2024
EPS estimate
—
Revenue estimate
—
53.28PKR
85.43 BPKR
454.50 BPKR
450.94 M
About MEEZAN BANK LTD
Sector
Industry
CEO
Irfan Siddiqui
Website
Headquarters
Karachi
Employees (FY)
17.88 K
Founded
1997
FIGI
BBG000Q58R65
Meezan Bank Ltd. is a bank holding company, which provides Islamic banking products and services. It operates through following segments: Corporate and Commercial Banking, Retail Banking, Trading and Sales, and Others. The Corporate and Commercial Banking segment includes project finance, export finance, trade finance, Ijarah, guarantees and bills of exchange relating to its Corporate and Commercial customers, investment banking, syndications, IPO related activities, secondary private placements, underwriting and securitization. The Retail Banking Segment consists of retail financing, deposits and banking services offered to its retail customers and small and medium enterprises. The Trading and Sales segment includes equity, foreign exchanges, commodities, own securities and placements. The Others segment includes functions which cannot be classified in any of the above segments. The company was founded by Irfan Siddiqui on January 27, 1997 and is headquartered in Karachi, Pakistan.
Week 3 Line Charts Idea 3: MEBL RSI analysisThis analysis combines RSI (Relative Strength Index) analysis with Fibonacci retracement levels on the MEBL line chart to formulate a comprehensive trade 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
Week 3 Line Chart Idea 2: MEBL with Fib RetracementThis 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%
Week 3 Trendlines Idea 1: MEBL Line Chart Analysis The chart depicts a bullish trend marked by consistent higher highs and higher lows, indicative of potential upward momentum.
Trade Plan:
Entry Price/Buy Limit: 205.86
Stop Loss: 194.40
Lot Size: 87
Take Profit Targets (TP):
TP1: 217.32 with Risk-Reward Ratio (RR) 1%
TP2: 228.78 with RR 2%
Week 2 Candle Stick Pattern Idea 3: MEBLOn July 7, 2023, the MEBL chart displayed an inverted hammer candlestick pattern, indicating potential bullish reversal. Here's a trade setup based on this pattern:
Entry Point: 99
Stop Loss: 86
Take Profit Targets:
TP1: 112 (Risk-Reward Ratio 1%)
TP2: 125 (Risk-Reward Ratio 2%)
TP3: 138 (Risk-Rew
MEBL - BULLISHMEBL shows uptrend following HH'S and HL's, forming bullish candlestick patterns on Higher Lows.
MEBL- In Bullish ContinuationMEBL is making a Bullish Continuation pattern as it is making a Bullish flag and also there is no divergence.
MEBL continus to build HH AND HL if the meezan bank continues to build up like this it can up to 154 first tp and the second tp will 164.
if it breaks to downward than it will goes 134 level than goes to 122 rupees
MEBL (PSX) - AB=CDMeezan Bank (MEBL) is forming an AB=CD harmonics pattern. With the current bullish trend of KSE100 it is quite possible that if MEBL successfully breaks the neckline it can make new highs around 160. It is important to note that it has retraced from FIb 0.45 levels
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Frequently Asked Questions
The current price of MEBL is 220.78 PKR — it has increased by 1.50% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on PSX exchange MEEZAN BANK LTD stocks are traded under the ticker MEBL.
MEEZAN BANK LTD is going to release the next earnings report on Aug 8, 2024. Keep track of upcoming events with our Earnings Calendar.
MEBL stock is 2.34% volatile and has beta coefficient of 1.26. Check out the list of the most volatile stocks — is MEEZAN BANK LTD there?
MEBL earnings for the last quarter are 14.90 PKR per share, whereas the estimation was 15.99 PKR resulting in a −6.83% surprise. The estimated earnings for the next quarter are 15.51 PKR per share. See more details about MEEZAN BANK LTD earnings.
MEEZAN BANK LTD revenue for the last quarter amounts to 18.00 B PKR despite the estimated figure of 16.30 B PKR. In the next quarter revenue is expected to reach 17.47 B PKR.
Yes, you can track MEEZAN BANK LTD financials in yearly and quarterly reports right on TradingView.
MEBL stock has fallen by 0.10% compared to the previous week, the month change is a 6.09% rise, over the last year MEEZAN BANK LTD has showed a 130.08% increase.
MEBL net income for the last quarter is 25.42 B PKR, while the quarter before that showed 26.86 B PKR of net income which accounts for −5.36% change. Track more MEEZAN BANK LTD financial stats to get the full picture.
Today MEEZAN BANK LTD has the market capitalization of 395.47 B, it has decreased by 2.04% over the last week.
MEEZAN BANK LTD dividend yield was 12.39% in 2023, and payout ratio reached 41.91%. The year before the numbers were 8.22% and 32.58% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
Like other stocks, MEBL shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade MEEZAN BANK LTD stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 27, 2024, the company has 17.88 K employees. See our rating of the largest employees — is MEEZAN BANK LTD on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So MEEZAN BANK LTD technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating MEEZAN BANK LTD stock shows the buy signal. See more of MEEZAN BANK LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on MEEZAN BANK LTD future price: according to them, MEBL price has a max estimate of 194.00 PKR and a min estimate of 190.00 PKR. Read a more detailed MEEZAN BANK LTD forecast: see what analysts think of MEEZAN BANK LTD and suggest that you do with its stocks.