NML Nishat Mills Limited short term analysis 3rd March 2021

Rebound Insight

Our Pivot: 94.60

Our Preference: Start buying NML above 103.70 and average it out till 99.17 with strict stop loss of 94.60 and profit target at 120 and 125.80 with extension towards 132.50.

Alternate Scenario: Downward penetration of 94.60 will call for 88.45 and 84.50.

NOTE: NML is moving in a bullish price channel and right now its getting support from supportive a strong supportive trend line.

Chart with supports & 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

108.82

Price Adjusted

52 Weeks Range

52w Low

52w High

Intraday

Pivots

Level	1st	2nd	3rd
Supports	108.05	107.27	106.55
Resistances	109.55	110.27	111.05

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