Nishat (Chunian) Limited is forming flag pattern which is the sign of bullish momentum. Currently price has shown break out from its flag and according to pattern its final approach lies around 35. The stock can be accumulate around 29.50 with the stop loss of 28 (5% risk) and initial target 32.24 which is previous top, where selling is expected. Upon breaching said resistance level, second target lies around 33.24 and final target at 35 which is 18% gain.
Trade closed: stop reached
Trade closed: stop reached
NCL stop loss hit after tax subsidy was removed in the new budget and all textile are currently under the normal tax bracket.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.