NBP National Bank of Pakistan Short Term Analysis 05 April 2018

Further Advance

Our Pivot: 48.80

Our Preference: Buy NBP as long as 51.00 is sustained as support with strict stop loss of 48.80 and profit target at 55.10 and extension towards 57.20.

Alternate Scenario: Downward penetration of 48.80 would call for 46.18 and 45.00.

NOTE: NBP is moving in an upward price channel and a breakout have occurred during last trading session when NBP have closed above 51 Rs. Daily Stochastic and MAORSI have turned to positive momentum and now it would try to target resistant trend line of its daily bullish channel.

Daily Chart with Supports and Resistances:

NBP 6

Overview

Quick Snapshot

Free Float

506,883,297

O/S Shares

2,127,512,862

Market Cap. (m)

0.00

Var Value

13.00

Hair Cut

17.50

Last Price

54.33

Price Adjusted

52 Weeks Range

52w Low

52w High

Intraday

Pivots

Level	1st	2nd	3rd
Supports	53.99	53.64	53.29
Resistances	54.69	55.04	55.39

Adjusted

Price Performance

Time Frame

Price Ch

%Ch

MTD Price Return

0.61

1.98

QTD Price Return

0.61

1.98

3M Price Return

-3.15

-9.10

6M Price Return

-2.85

-8.31

9M Price Return

-4.54

-12.61

YTD Price Return

-3.05

-8.84

1Y Price Return

-0.23

-0.73

3Y Price Return

-7.54

-19.34

5Y Price Return

-29.80

-48.65