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National Refinery Limited

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NRL trade ideas

NRL ADVANCE ANALYSISAlthough NRL is in a good position to buy, I recommend waiting for a trend reversal. Currently, there is no indication of a trend reversal on the chart. Wait for the price to reach 220, and for further confirmation, 231. If the price crosses 231, consider entering the trade and enjoying the bearish reversal. Please note that my charts are premium content, but I'll do my best to provide a quick analysis for free, upon request I'm keeping my chart lines private, as I don't want to reveal my secret weapon just yet! If you'd like more analysis, just hit boost and let me know which company you're interested in, and where you're currently stuck.
PSX:NRL
by JawadFarooq
1
NRL | EMA200📰 On the Daily timeframe, the price has ascended above the EMA200 line, signifying a robust bullish trend. Recently, it has shown pull back from EMA200. Such a pull back typically indicates the continuation of a bullish trend. Furthermore, the MACD histogram needs to transitioned from the negative zone to the positive zone, further endorsing the potential upward movement toward our first target at 286. Subsequently, the price may revisit the pullback zone before establishing a new high and achieving the second target at 306. 🛑 It is essential to note that the analysis will no longer hold validity once the support area breaks at 260. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
PSX:NRLLong
by mbaberhanif
7
NRL PSX- LONG Bearish Reversal Butterfly Harmonic Pattern Bearish Reversal Butterfly Pattern has been drawn. If the pattern is respected by Price chart, then we should expect to see a small bearish run followed by a big bullish run up till Rs 480 which is potential Reversal Zone. So it is better to wait till reversal to Bullish is confirmed and then take entry. Otherwise, place Buy Stop Order at Support 3 Level to catch the trend in its initial stage at around 8th July, 2024. Then it will run till 30 September, 2024.
PSX:NRLLong
by Golden_Spur