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: