NML Nishat Mills Limited short term analysis 3rd March 2021

Rebound Insight

Our Pivot: 94.60

Our Preference: Start buying NML above 103.70 and average it out till 99.17 with strict stop loss of 94.60 and profit target at 120 and 125.80 with extension towards 132.50.

Alternate Scenario: Downward penetration of 94.60 will call for 88.45 and 84.50.

NOTE: NML is moving in a bullish price channel and right now its getting support from supportive a strong supportive trend line.

Chart with supports & resistances: