MeBL is in CONTINUATIONAL trend, there is no divergence but due to the formation of bullish flag pattern a upside move is expected if it breaks the pole , long entry is recommendend then.
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.
This 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) 1% TP2: 238.26 with RR 2% RSI indicates that there is no...
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%
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%
On 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-Reward Ratio 3%) TP4: 151 (Risk-Reward Ratio 4%) The inverted hammer...
MEBL shows uptrend following HH'S and HL's, forming bullish candlestick patterns on Higher Lows.
MEBL is making a Bullish Continuation pattern as it is making a Bullish flag and also there is no divergence.
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 is in bullish trend and printing higher highs and lower lows
Meezan 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
Looks like Banking sector will be positive in next week opening, keep in mind that kse 100 index is at resistance trend line with minor bearish divergence market may open 200+ point in negative Double Bottom and bullish divergence on RSI 1 Hr, NO FINANCIAL ADVISE
Initial support are around 105-106 then 96-100 ,Incase of increase in interest rate ,this can change ,for more information ,More price action is needed
Meezan Bank Ltd. , MEBL is rapidly growing Islamic Bank in Pakistan. In recent rally it has gained enormous price hike. In last few days it has not been able to cross the resistance level and has started showing the signs of weakness. Current harmonic pattern drawn on the chart clearly depicts the present level as PRZ, potential reversal zone. Keeping in mind that...