NRSL Nimir Resins Limited Analysis 09 August 2016

Rebound Insight

Our Pivot:

Our Preference: Buy NRSL above 8.00 and average it out till 7.30 with strict stop loss of 6.74 and profit target at 9.33 and 9.93 .

Alternate Scenario: Downward penetration of 6.74 will call for 5.57.

NOTE: NRSL have completed its 61.8% weekly correction during its completion of fourth wave of bullish Elliot Wave and right now its ready for a pull back to format fifth wave of Elliot wave. Weekly Stochastic also have generated a bullish crossover.

Recommendations:

Buy above 8.00 and average it out till 7.30 with target at 9.33 and 9.93.

Weekly Chart with Supports and Resistances:

NRSL 2

Overview

Quick Snapshot

Free Float

84,792,638

O/S Shares

282,642,128

Market Cap. (m)

0.00

Var Value

22.50

Hair Cut

27.50

Last Price

11.98

Price Adjusted

52 Weeks Range

52w Low

52w High

Intraday

Pivots

Level	1st	2nd	3rd
Supports	11.51	11.05	10.73
Resistances	12.29	12.61	13.07

Adjusted

Price Performance

Time Frame

Price Ch

%Ch

MTD Price Return

1.98

11.51

QTD Price Return

1.98

11.51

3M Price Return

1.78

10.23

6M Price Return

-4.22

-18.03

9M Price Return

-17.30

-47.42

YTD Price Return

0.38

2.02

1Y Price Return

-7.80

-28.91

3Y Price Return

5.98

45.30

5Y Price Return

0.98

5.38