NCL Nishat Chunian Limited Short Term Analysis 11 Dec. 2017

Rebound Insight

Our Pivot: 39.80

Our Preference: Buy NCL as long as its trading above 43 with strict stop loss of 39.80 and profit target at 52.00 and 54.50.

Alternate Scenario: Downward penetration of 39.80 would call for 33.00.

NOTE: NCL have generated a hammer on weekly chart after getting support from a horizontal supportive region and weekly stochastic have generated a bullish crossover which would push it in upward direction for a correction of current bearish rally.

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