PSX · COMMERCIAL BANKS · Daily
MEBL Head & Shoulders breakdown
Meezan Bank Limited · 26 Oct 2026
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 521.57 on the breakout. Target 449.49, invalidation 570.00.
Trade plan
- Close
- 521.57
- ▼ 2.39%
- Target
- 449.49
- -13.8%
- Invalidation
- 570.00
- +9.3%
RiskReward
- Reward : risk
- 1.5 : 1
- ATR
- 8.93
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector Daily candles · click to enlarge
The breakdown
MEBL broke below its head & shoulders on the daily close at 521.57.
Projected target 449.49 (-13.8%). The pattern is invalidated beyond 570.00 (+9.3%), a reward-to-risk of about 1.5 : 1.
Structure: bullish external, bearish internal (strong low 410.00). Nearest demand OB 484.00 - 497.50, supply OB 544.50 - 551.00.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 521.57.
- 2 The target, 449.49 (-13.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 570.00 (+9.3%), cancels the setup.
- 4 Reward : risk is 1.5 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the head and shoulders
A head and shoulders is a topping pattern: three peaks with the middle one highest, resting on a "neckline" whose break often ends an uptrend.
- Confirmation
- A close below the neckline.
- Target
- The height from the head to the neckline, projected down from the break.
- Fails if
- A close back above the right shoulder or the neckline.