NCL Nishat Chunian Limited Mid-Term Analysis 3rd April 2019

Rebound Insight

Our Pivot: 46.60

Our Preference: Start buying NCL from current price and average it out till 48.80 with strict stop loss of 46.60 and profit target at 55 with extension towards 57.80.

Alternate Scenario: Downward penetration of 46.60 will call for 44.10.

NOTE: NCL is getting support from a rising trend line along with a strong horizontal supportive region, while weekly momentum indicators are ready for a bullish pull back and these would try to lead prices towards 55 Rs/share.

Weekly Chart with Supports and Resistances:

NCL 10

Overview

Quick Snapshot

Free Float

108,053,563

O/S Shares

240,119,029

Market Cap. (m)

0.00

Var Value

14.00

Hair Cut

25.00

Last Price

35.70

Price Adjusted

52 Weeks Range

52w Low

52w High

Intraday

Pivots

Level	1st	2nd	3rd
Supports	34.57	33.43	32.87
Resistances	36.27	36.83	37.97

Adjusted

Price Performance

Time Frame

Price Ch

%Ch

MTD Price Return

1.95

3.87

QTD Price Return

1.95

3.87

3M Price Return

2.56

5.15

6M Price Return

8.31

18.89

9M Price Return

-1.88

-3.47

YTD Price Return

6.31

13.72

1Y Price Return

6.30

13.69

3Y Price Return

6.81

14.97

5Y Price Return

2.20

4.39