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NISHAT MILLS LTDNISHAT MILLS LTDNISHAT MILLS LTD

NISHAT MILLS LTD

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NML trade ideas

NML PSX - Technical AnalysisNML has been in down trend for quite some time. Its price was below monthly bearish trend line. On Daily time frame it has just crossed above the monthly bearish trend line (orange thick line). EMA 91 is just below its current price on Daily TF. RSI also going up. Only Klinger is facing downwards but it will change. There are two scenarios:- Scenario ONE- it will test the highlighted resistance zone and eventually go up; Scenario TWO - it will drop back below monthly bearish trend line and will continue its bearish trend once again. Therefore, for sure TP1 is achievable per below plan:- NML LONG (Buy) Trade Call Entry (Buy): 71.50 SL (below Monthly Trend line): 69.80 TP1: 75.95 TP 2: 81.22
PSX:NMLLong
by Golden_Spur
NML🚀 Stock Alert: NML 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Buy Level: 75.50 🎯 First Target: 79 🎯 Second Target: 83.75 ⚠ Stop Loss: 72 ⏳ Nature of Trade: Mid Term 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: YES 📰 Technical View: Presently, NML observes 12 million volume in hourly time frame with a break out level. First target lies at 79 and upon break out next target lies around 83.75 with the stop loss at 72.
PSX:NMLLong
by mbaberhanif
NML🚀 Stock Alert: NML 📈 Investment View: Technically Bullish 📈 🔍 Quick Info: 📈 Buy Level: 66 🎯 First Target: 70 🎯 Second Target: 73 ⚠ Stop Loss: 62.50 ⏳ Nature of Trade: Mid Term 📉 Risk Level: Medium ☪ Shariah Compliant: YES 💰 Dividend Paying: YES 📰 Technical View: Presently, NML has retracted from its upward trend line, culminating in a closing price of 66.07 in the preceding trading session. It is prudent to contemplate a retracement from its support range spanning from 65 to 66. The initial barrier is foreseen around 70, accompanied by a secondary hurdle envisaged at 73. In order to mitigate risk exposure, it is advisable to institute a stop-loss strategy below the breach of the trend line at 62.50.
PSX:NMLLong
by mbaberhanif
1
PSX: NML CUP & HANDLE CROSSED OVER ON WEEKEND CHARTSNishat Mills Ltd. (NML) is a prominent Pakistani Textile Company belonging to the Nishat Group. The company has been in downtrend for very long time. At the start of this Calander year it hit the low which has proved to be the lowest low so far. Since than the security has been posting gradual increase in price. Thus gaining 40% of its value. In the preceding week the security successfully crossed over the neckline of Cup & Handle formed on Weekend Charts. Although it could not close the week over the neckline it is highly probable that it shall very soon close over the neckline and shall resume its journey to new highs. Aggressive traders can avail the opportunity to accumulate under the neckline and Cautious fellows can wait for the closing above the neckline. For your convenience SL and TP has been marked on the chart.
PSX:NMLLong
by usufgul