NML Nishat Mills Limited Short Term Analysis 22 Dec. 2017

Rebound Insight

Our Pivot: 128

Our Preference: Start buying from current price and average it out till 135 with strict stop loss of 128 and profit target at 148 and 153.

Alternate Scenario: Downward penetration of 128 would call for 123.30.

NOTE: NML have completed its 61.8% correction on weekly chart and its also getting support from a horizontal supportive region. Daily stochastic have generated a bullish crossover which would push it for expansion of said correction..

Daily 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