NBP National Bank of Pakistan Analysis 08 July 2013
Upside Prevails
Our Pivot:42.11
Our Preference : Buy NBP above 44.10 with strict stop loss of 42.11 and profit target at 49.11.
Alternate Scenario: Downward penetration of 42.11 will call for 38.55
NOTE: NBP have penetrated its Triangle and now is heading towards 49.11 so its recommended to buy above 44.10 with strict stop loss of 42.11 because all middle impact indicators are supporting its bull run.
Recommendations:
For New Entries ( buy above 44.10)
Existing buyers short term (Hold till 49.11)
Weekly Chart with Supports and Resistance:
3 COMMENTS
John Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Diana Doe
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June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Peter Doe
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