🚀 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.
#NML #NishatMills #PSX #PakistanStockExchange #SwingTrading #TechnicalAnalysis #TradingView #StockMarket #BreakoutTrade #Investing #ChartAnalysis
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。