PSX · EXCHANGE TRADED FUNDS
MZNPETF Head & Shoulders breakdown — 1 Hour chart signal
Meezan Pakistan ETF
1 Hour 14 Oct 2026 · 09:30 PKT
Close
16.96
▼ 0.47%
Head & Shoulders breakdown
Pattern breakout With the trend
MZNPETF broke below its head & shoulders on the hourly close at 16.96.
Projected target 16.38 (-3.4%). The pattern is invalidated beyond 17.40 (+2.6%), a reward-to-risk of about 1.3 : 1.
Structure: bearish external, bullish internal (strong high 18.24). Nearest supply OB 17.92 - 18.00.
More for MZNPETF
MZNPETF company page →Symmetrical Triangle breakdown
MZNPETF broke below its symmetrical triangle on the 30-minute close at 17.12.
12 Oct 2026 · 10:30 PKT Pattern breakout
Symmetrical Triangle breakdown
MZNPETF broke below its symmetrical triangle on the 30-minute close at 17.07.
12 Oct 2026 · 09:30 PKT Pattern breakout
Symmetrical Triangle forming
MZNPETF is compressing inside a symmetrical triangle on the 30-minute chart - 5 swing points, 9.2x ATR wide at the start.
12 Oct 2026 · 09:30 PKT Chart pattern
Head & Shoulders forming
MZNPETF has completed a head & shoulders on the hourly chart with the head at 17.60 and the neckline at 16.98.
09 Oct 2026 · 11:30 PKT Chart pattern