PSX · COMMERCIAL BANKS
MEBL Head & Shoulders forming — Daily chart signal
Meezan Bank Limited
Daily 12 Oct 2026
Close
541.32
▼ 1.30%
Head & Shoulders forming
Chart pattern Against the trend
MEBL has completed a head & shoulders on the daily chart with the head at 605.00 and the neckline at 528.02.
The pattern is confirmed by a daily close below 526.16. The measured move from the neckline points to 449.00 (-15.0%). A close beyond the head at 605.00 cancels it.
Structure: bullish external, bullish internal (strong low 410.00). Nearest demand OB 508.71 - 517.69.