National Refinery in Bullish Reversalpreviously beraish trend and then bullish divergence appeared.
and it broke its bearish channel and price moved up.
Next report date
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Report period
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EPS estimate
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Revenue estimate
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−328.01 PKR
−15.79 B PKR
308.84 B PKR
27.18 M
About NATIONAL REFINERY LTD
Sector
Industry
CEO
Shahid Waheed Khwaja
Website
Headquarters
Karachi
Founded
1963
ISIN
PK0008201011
FIGI
BBG000GNBGF7
National Refinery Ltd. engages in manufacturing, production and sale of petroleum products. It operates through the Fuel and Lube segment. The Fuel segment offers gasoline, diesel oil and furnace oil. The Lube segment provides lube base oils, asphalt, furnace oil, wax free oil, and other petroleum products. The company was founded on August 19, 1963 and is headquartered in Karachi, Pakistan.
Bullish Divergence on Daily TF.
Bullish Divergence on Daily TF.
Stock is Bullish.
Morning Star Formation will be formed
if Monthly Closing comes above 205 - 207.
However, 320 is an Important Resistance
area.
On the flip side, 180 - 200 is an Important
Support Zone.
However, Risky players may take risk at CMP
with a Stoploss of 22
NRL 1D IN PSX TREND CHANGEThe trend in the NRL (National Refinery Limited) chart on the PSX shows a clear reversal from a downtrend to an uptrend:
Downtrend: From April to October, NRL experienced a consistent downtrend, marked by lower highs and lower lows.
Reversal and Uptrend: In late October, the stock reversed its tre
NRL - PSX - Technical Analysis - Expected 300% Gain in One yearOn monthly TF, butterfly pattern has been drawn. If it respects the pattern as it did up till now, we are expected to see a Bull run till next Dec 2025 for 350% gains in 15 months time. Therefore, this I would call a 3X stock.
On Daily TF, price has been sideways in accumulation phase for quite man
NRL potential Buy setupReasons for bullish bias:
- Price gave trendline breakout
- Harmonic XABCD pattern formation
- Price gave LH breakout
- Price bounced from a strong support zone
- Bullish divergence
- SFEL trade call recommendation
Here are the recommended trading levels:
Buy 1(CMP): 239
Buy 2: 215
Stop Loss Level:
NRLno bullish moment in sight
poor earnings leads to price drop
market moving towards support1
it can take support from level 1 and 2
only good earnings can trigger bullish upside
NRL could drop below 200 and 180 levelsTodays financial results of NRL shows Rs. 90 loss per share this is huge loss. It could be a bearish trend and NRL can hit these below levels.
NRL could drop to below 200 levels.Todays financial results shows LPS Rs. 90. it is huge loss per share. May be NRL drops to these blue lines support levels.
NRL is BullishPrice was in a strong downtrend, however a matured bullish divergence finally seems to be playing out as previous lower high is broken. If bulls maintain their iron grip on price action then we can expect a bullish reversal as per Dow theory. Targets are mentioned on the chart.
NRL ADVANCE ANALYSISAlthough NRL is in a good position to buy, I recommend waiting for a trend reversal. Currently, there is no indication of a trend reversal on the chart.
Wait for the price to reach 220, and for further confirmation, 231. If the price crosses 231, consider entering the trade and enjoying the bearish
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of NRL is 231.09 PKR — it has decreased by −3.48% in the past 24 hours. Watch NATIONAL REFINERY LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on PSX exchange NATIONAL REFINERY LTD stocks are traded under the ticker NRL.
NRL stock has fallen by −5.29% compared to the previous week, the month change is a 7.99% rise, over the last year NATIONAL REFINERY LTD has showed a −12.80% decrease.
NRL stock is 7.52% volatile and has beta coefficient of 1.79. Track NATIONAL REFINERY LTD stock price on the chart and check out the list of the most volatile stocks — is NATIONAL REFINERY LTD there?
Today NATIONAL REFINERY LTD has the market capitalization of 18.48 B, it has decreased by −0.63% over the last week.
Yes, you can track NATIONAL REFINERY LTD financials in yearly and quarterly reports right on TradingView.
NATIONAL REFINERY LTD is going to release the next earnings report on Jan 28, 2025. Keep track of upcoming events with our Earnings Calendar.
NRL net income for the last quarter is −7.24 B PKR, while the quarter before that showed −8.27 B PKR of net income which accounts for 12.47% change. Track more NATIONAL REFINERY LTD financial stats to get the full picture.
As of Nov 24, 2024, the company has 1.02 K employees. See our rating of the largest employees — is NATIONAL REFINERY LTD on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. NATIONAL REFINERY LTD EBITDA is −19.85 B PKR, and current EBITDA margin is −1.99%. See more stats in NATIONAL REFINERY LTD financial statements.
Like other stocks, NRL shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade NATIONAL REFINERY LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So NATIONAL REFINERY LTD technincal analysis shows the neutral today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating NATIONAL REFINERY LTD stock shows the sell signal. See more of NATIONAL REFINERY LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.