NRSL LONG TRADENRSL was in WYCKOFF Accumulation Zone from Jan-Mar 2025, giving breakout in Apr 2025 and plotted a high of 48.70, followed by corrective downward channel. Currently, it has completed all requisite events like TOB (Test Of Breakout), reversal and BO from the downward channel.
Volume Distribution and Profile supports the impending uptrend.
Chemicals will be one of sectors to perform exceptionally in pre-budget rally.
🚨 TECHNICAL BUY CALL –Nimir Resins Ltd (PSX: NRSL) 🚨
🎯 BUY ZONE: Rs. 33-36
📈 TP 1: Rs. 43.10
📈 TP 2: Rs. 48.5
🛑 STOP LOSS: Below Rs. 30 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:2.7+
Caution:
Please close at least 50% position size at TP1 and then follow strict trailing SL to avoid losing incurred profits in case of unforeseen market conditions
