Nishat Mills Ltd. (NML) is a prominent Pakistani Textile Company belonging to the Nishat Group.
The company has been in downtrend for very long time. At the start of this Calander year it hit the low which has proved to be the lowest low so far.
Since than the security has been posting gradual increase in price. Thus gaining 40% of its value. In the preceding week the security successfully crossed over the neckline of Cup & Handle formed on Weekend Charts. Although it could not close the week over the neckline it is highly probable that it shall very soon close over the neckline and shall resume its journey to new highs.
Aggressive traders can avail the opportunity to accumulate under the neckline and Cautious fellows can wait for the closing above the neckline. For your convenience SL and TP has been marked on the chart.
The company has been in downtrend for very long time. At the start of this Calander year it hit the low which has proved to be the lowest low so far.
Since than the security has been posting gradual increase in price. Thus gaining 40% of its value. In the preceding week the security successfully crossed over the neckline of Cup & Handle formed on Weekend Charts. Although it could not close the week over the neckline it is highly probable that it shall very soon close over the neckline and shall resume its journey to new highs.
Aggressive traders can avail the opportunity to accumulate under the neckline and Cautious fellows can wait for the closing above the neckline. For your convenience SL and TP has been marked on the chart.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.