NML Swing Idea

🚀 Stock: Nishat Mills Limited (NML)
💰 Entry: Buy at CMP (~145)
🛑 Stop Loss: 135
🎯 Targets: 160 → 170

Trade Rationale:

NML is trading near a strong support zone after a prolonged correction and is currently testing a key descending trendline resistance. The stock has shown signs of stabilization around the 140 area, with buyers consistently defending lower levels.

✅ Strong support around 139–135
✅ Price consolidating near the breakout zone
✅ Risk-to-reward remains favorable at current levels
✅ Trendline breakout could trigger a fresh bullish move toward higher resistance levels

Trading Plan:

Consider accumulating near current market price.
Keep a strict stop loss below 135 to manage downside risk.
Partial profit booking can be considered at each target while trailing the remaining position.

Targets:
🎯 TP1: 160
🎯 TP2: 170

A decisive breakout and daily close above the descending trendline may strengthen bullish momentum and improve the probability of achieving the projected targets.

⚠️ This is a swing trading setup intended for short-to-medium-term traders. Always follow proper risk management and position sizing.

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