NML Nishat Mills Limited Short Term Analysis 01 Nov. 2017

Rebound Insight

Our Pivot: 123.50

Our Preference: Start buying from current price with strict stop loss of 123.50 and profit target at 144.00 and 149.50.

Alternate Scenario: Downward penetration of 123.50 would call for 116.63.

NOTE: Getting support from supportive trend line of its bearish trend channel along with a horizontal supportive region. Five primary waves of a bearish Elliot Wave have been completed right now its read for a pull back for correction of its bearish Elliot.

Weekly chart with supports and resistances:

NML 5

Overview

Quick Snapshot

Free Float

158,219,932

O/S Shares

351,599,848

Market Cap. (m)

0.00

Var Value

14.00

Hair Cut

17.50

Last Price

99.61

Price Adjusted

52 Weeks Range

52w Low

52w High

Intraday

Pivots

Level	1st	2nd	3rd
Supports	96.80	94.00	92.59
Resistances	101.01	102.42	105.22

Adjusted

Price Performance

Time Frame

Price Ch

%Ch

MTD Price Return

1.60

1.89

QTD Price Return

1.60

1.89

3M Price Return

5.15

6.36

6M Price Return

3.40

4.11

9M Price Return

-9.85

-10.26

YTD Price Return

6.16

7.70

1Y Price Return

-5.85

-6.36

3Y Price Return

-39.85

-31.63

5Y Price Return

-59.85

-40.99