MEBL Meezan Bank Short term analysis 11th Jun. 2020
Further Advance
Our Pivot: 64.50
Our Preference: Start buying above 68 and average it out till 65.50 with strict stop loss of 64.50 and profit target at 71 with extension towards 72.60.
Alternate Scenario: Downward penetration of 64.50 will call for 63.
NOTE: MEBL have given breakout of its descending trend line in upward direction.
Daily chart with supports & resistances:
MEBL 1
Overview
Quick Snapshot
Free Float
321,527,906
O/S Shares
1,286,111,589
Market Cap. (m)
0.00
Var Value
13.00
Hair Cut
17.50
Last Price
49.39
Price Adjusted
52 Weeks Range
52w Low
52w High
Intraday
Pivots
| Level | 1st | 2nd | 3rd | Supports | 47.30 | 45.20 | 44.06 | Resistances | 50.54 | 51.68 | 53.78 |
|---|
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
13.48
10.26
QTD Price Return
13.48
10.26
3M Price Return
4.83
3.45
6M Price Return
5.81
4.18
9M Price Return
37.78
35.30
YTD Price Return
9.84
7.29
1Y Price Return
50.79
54.02
3Y Price Return
76.18
111.00
5Y Price Return
99.38
218.75