PSX · COMMERCIAL BANKS
MEBL Head & Shoulders forming — 30 Min chart signal
Meezan Bank Limited
30 Min 09 Oct 2026 · 11:30 PKT
Close
548.92
▼ 0.17%
Head & Shoulders forming
Chart pattern Against the trend
MEBL has completed a head & shoulders on the 30-minute chart with the head at 562.00 and the neckline at 542.11.
The pattern is confirmed by a 30-minute close below 541.82. The measured move from the neckline points to 527.00 (-2.8%). A close beyond the head at 562.00 cancels it. Still active - first identified on 08 Oct 2026 13:00.
Structure: bullish external, bullish internal (strong low 525.00). Nearest demand OB 527.00 - 534.80, supply OB 577.50 - 582.00.