NML Nishat Mills Limited Analysis 25 Sep 2013
Downside Prevails
Our Pivots: 100.95
Our Preference:Short Sell NML below 98.00 with a strict stop loss of 100.95 and profit target at 92.13
Alternate Scenario: Upward Penetration of 100.95 will call for 102.82
NOTE: NML is being caged by a weekly triangle and is getting strong resistance from its bearish trend line also it not become able to recover from its bullish correction so its expected that it would now mover toward bearish expension.
Recommendations:
For New Entries (Short Sell Below 98)
For Existing Holders (Book profits near given levels)
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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