NML Nishat Mills Limited Analysis 12 June 2013

• 2013-06-12 09:26:59
• 28 Comments
• 101 Views
• kse-analysis
• Noor Maier

Bearish Bias below 107.10

Our pivot: 107.10 Our Preference: Short Sell NML Below 104.50 and 104.92 with strict stop loss of 107.10 and profit target at 95.17 and extension towards 88.24 Alternative Scenario: Upward Penetration of 107.10 will call for 113 NOTE: NML have reached over bought region in weekly chart and is getting a strong resistances from downward trend lines at 107.10 along with its upward price channel's upper trend line, Middle impact indicators like RSI and MACD along with Stochastic are indicating a reversal in NML Prices. Recommendations: For New Entries (Short Sell Below104.50) Weekly Chart with Supports and Resistance:

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