MEBL Accumulation Phase | Bullish Continuation Setup

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MEBL Accumulation Phase | Bullish Continuation SetupMeezan Bank Limited.PSX_DLY:MEBLalijibranMeezan Bank (MEBL) is currently trading inside an accumulation range after a strong bullish impulse. The price recently pulled back and perfectly respected a key demand zone, which previously acted as support. This reaction from demand suggests that buyers are still in control, and the market may be preparing for the next bullish leg. The structure shows healthy consolidation within the trend, which often leads to continuation moves once the accumulation phase is completed. Additionally, no major bearish divergence is visible, indicating that bullish momentum remains intact. Another positive factor is that MEBL is currently outperforming the KSE100 index, showing relative strength compared to the broader market. Trade Plan Entry: Around the demand zone / neckline support Stop Loss: Below the demand zone (~385 area) Targets TP1: 572 TP2: 725 Reasons for the Trade • Strong bullish market structure • Accumulation phase after impulse move • Perfect retest of demand zone • No bearish divergence present • Relative strength vs KSE100 ⚠️ Always wait for confirmation and manage risk properly. If you find this idea useful, don’t forget to like and follow for more PSX trade setups. #PSX #MEBL #MeezanBank #PakistanStockMarket #TechnicalAnalysis #PriceAction #TradingIdea #SwingTrading #AliJibran