🚀 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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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.