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Meezan Bank Limited.Meezan Bank Limited.Meezan Bank Limited.

Meezan Bank Limited.

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Meezan Bank Limited Technical analysisTrend Structure: The stock was in a strong uptrend within a well-defined ascending channel from March through October, reaching a peak around 500 PKR. However, it has since broken down from this channel. Current Situation: Price is currently at 426.41 PKR, down 0.46% Trading below both channel support lines The breakdown suggests potential trend reversal or deeper correction Key Levels: Strong support zone around 350-360 PKR (2.618 Fibonacci extension marked) Previous resistance-turned-support around 400-420 PKR being tested Upper channel resistance now around 440-460 PKR Volume: Volume has been declining recently, showing weakening momentum after the breakdown. Outlook: The chart shows bearish bias after the channel breakdown. If 420 PKR support fails, the stock could retest the 350-360 PKR zone. A recovery back above 440 PKR would be needed to regain bullish momentum. The overall structure suggests the uptrend may be exhausted, at least temporarily. Risk: The breakdown from a long-term ascending channel is typically a significant bearish signal.
PSX:MEBLLong
by ABD_47
Meezan Bank Limited (PSX)Current Situation Price: 454.47 PKR (down 28.76 or 6.76%) Trend: Trading within an ascending channel that has been in place since May Key Technical Observations Support & Resistance: The stock is currently testing the lower boundary of the ascending channel around 440-450 PKR Major support level at 350.66 PKR (marked horizontal line) - this was the breakout point Upper channel resistance is around 520-530 PKR Recent Price Action: After reaching near 500 PKR in October, the stock has pulled back significantly Currently consolidating in the 440-470 range Today's 6.76% drop is notable but volume appears moderate Volume Analysis: Recent volume is lower compared to the strong accumulation seen in May-June and August This could indicate a healthy consolidation rather than distribution Trading Scenarios Bullish Case: If the stock holds the lower channel support (440-450), this could be a buying opportunity Target would be a retest of 500 PKR and potentially the upper channel line Risk/reward appears favorable at current levels Bearish Case: A break below the ascending channel (sub-440) would be concerning Next major support would be around 400 PKR A breakdown could lead to a test of the 350-360 PKR support zone Conclusion The stock remains in a broader uptrend but is currently at a critical juncture. Watch for how it responds to the channel support - a bounce would confirm bullish continuation, while a breakdown would suggest further downside.
PSX:MEBLLong
by ABD_47
Meezan Bank Limited (Daily chart analysis):Current Situation: 📊 Price: 442.74 PKR, down 2.12% 📉 Volume: 1.03M (low volume day) Another banking stock showing weakness after parabolic rally! ⚠️ The Big Picture: 🎯 Meezan Bank had an epic run from 200 in late 2023 to 510 in September 2025 - that's a 155% gain! Now showing classic signs of exhaustion after hitting the channel top. Similar pattern to Hub Power and BOP we analyzed earlier. 🚀➡️🛑 Key Technical Levels: 🎯 Support Zones: Immediate: 430-440 (current breakdown zone) ⚠️ Strong: 410-420 (previous consolidation + channel support) 💪 Critical: 390-400 (channel midpoint + round number) 🛡️ Major: 360-370 (2.618 Fib extension) 🏰 Deep: 330-340 (lower channel boundary) ⚓ Resistance Zones: Immediate: 460-470 (recent breakdown area) 📊 Strong: 490-500 (recent highs before collapse) 🔴 Major: 510-520 (all-time high zone) 🏔️ Extension: 605 (3.618 Fib - unrealistic now) 🚫 Chart Pattern: 📐 Rising channel from May 2025 to October 2025 (white lines) 📈 Price touched upper channel line and rejected hard 💥 Potential channel breakdown in progress! ⚠️ Similar topping pattern as Hub Power - watch out! 😰 Multiple Fibonacci extensions mapped from earlier rally Fibonacci Analysis: 📏 From the 2023-2024 rally base: 0.786 (128.47) - Far below, not relevant 1.0 (144.45) - Historical support 1.618 (202.69) - Breakout zone in 2024 2.618 (350.65) - Key support if major correction ⚠️ Volume Behavior: 📊 Multiple volume spikes throughout the chart (circled) Recent volume declining during rally = Weak demand 📉 Today's low volume on red day = No panic yet, but concerning Distribution pattern potentially forming at the top 🚨 Trend Analysis: 📈 Long-term: Bullish (but weakening) 🐂 Medium-term: Neutral to Bearish 😐📉 Short-term: Bearish (broke support) 🐻 Channel support at 410-420 is critical next test 🎯 Break below channel = Major trend change! ⚠️ Technical Outlook: 🔮 Bearish Case (65% probability): 🐻 Fails to reclaim 450-460 quickly Tests channel support at 410-420 (8% downside) 📉 If channel breaks: 390-400 then 360-370 possible 😰 Banking sector weakness continues Similar pattern to Hub Power's correction 🔴 Neutral Case (25% probability): 😐 Bounces from 430-440 current zone Choppy consolidation between 430-470 for weeks Eventually resolves higher or lower Time-consuming sideways action ↔️ Bullish Case (10% probability): 🐂 Quick V-recovery above 460-470 Resumes uptrend toward 510 retest Would need strong catalyst or sector rotation 📰 Low probability given channel rejection 📊 Trading Strategy: 💡 For Current Holders: 😰 Yellow flag raised! Pattern looks concerning ⚠️ Stop loss: Below 420 (channel support) 🛑 Or tighter stop: 430 to preserve gains Consider taking partial profits if profitable Don't let a big winner become a loser! 💔 For New Buyers: 🤔 Wait for channel support test at 410-420 ✋ Better entry: 390-400 if deeper correction Best entry: 360-370 (channel bottom - patient buyers) 🎯 Current levels are NO MAN'S LAND - avoid! 🚫 Set alerts and be patient ⏰ For Traders: 📈 Short-term bounce to 450-460 possible (risky trade) Swing traders: Short from 460 targeting 410-420 Day traders: Watch for volatility but respect trend Risk/reward favors downside here 📉 Comparison with Banking Peers: 🏦 Hub Power: Already correcting hard ✅ Bank of Punjab: Similar weakness pattern ✅ Banking sector showing synchronized weakness 📉 Follow the sector trend - don't fight it! 💪 Risk Assessment: ⚖️ 🟡 MEDIUM-HIGH RISK 🟡 Channel rejection is significant warning 🚨 Volume patterns show distribution Banking sector under pressure Could be healthy correction or trend change Risk/reward not favorable at current levels ❌ What Could Go Right: ✅ Banking sector fundamentals improve 📰 Market-wide rally lifts all boats 🌊 Finds support at 410-420 and stabilizes Earnings or policy news provides catalyst Quick recovery to channel mid-point What Could Go Wrong: ❌ Channel breaks decisively below 410 🚨 Banking sector continues weakening Corrects 20-30% like Hub Power 😱 Gets stuck in prolonged consolidation Overhead resistance at 460-510 too heavy Key Levels to Watch: 👀 460: Reclaim = Short-term bullish 🟢 430: Current support - holding or breaking? 🟡 410-420: Channel support - CRITICAL! 🔴 390-400: Major support if channel breaks ⚠️ Time Horizon: ⏰ Short-term (1-2 weeks): Test 410-420 likely 📉 Medium-term (1-3 months): Consolidation 390-470 range 😐 Long-term (6-12 months): Eventually resume uptrend to 500+ 🐂 Bottom Line: 🎯 Meezan Bank is showing similar warning signs as Hub Power and BOP - channel rejection after parabolic rally. The 410-420 channel support zone will be critical. If that breaks, expect deeper correction toward 360-390. Current levels offer poor risk/reward - either wait for channel support test or deeper correction. This is a "wait and see" situation, not a buying opportunity yet! 🧘‍♂️ Banking sector as a whole seems to be taking a breather. Patience will be rewarded with better entries! 💎 Verdict: 🚦 AVOID at current levels | WAIT for 410-420 | Watch channel support!
PSX:MEBLShort
by ABD_47
MEBL - PSX - Technical AnalysisMEBL is in sideways for almost seven months now. It is very much likely to continue in that fashion as interest rates cut is expected further. Therefore, buy on parallel channel's bottom and sell on its top is recommended. GANN support & Resistance fanes and Fib retracement tools have been used. Price has honoured both GANN and Fibonacci for this SCRIPT. Therefore, one can draw confluence while taking trades in this SCRIPT. RSI is at a mid-range emphasizing on continuation of small uptrend and then fall down. KVO is also a bit bullish (above Zero), but KVO indicator line has crossed its trigger line as well which may hint at price going up. Trade Values Scenario ONE: Buy-1 (Mkt): 246.64 TP: 271.75 Scenario TWO: Buy-2: 284 (If price breaks the resistance) TP-2: 327 Stop Loss: 207
PSX:MEBL
by Golden_Spur