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NISHAT POWER LTD
Short

NPL forming a double top

84
NPL is forming a double top and seems to be exhausting as a bearish divergence can be seen on the RSI.

A potential short trade opportunity is arising with a sell stop below the neckline and TP the same length as the length from the previous HH to HL.
jabranstwocents
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Double Top or BottomOscillatorsTrend Lines

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Double Top or BottomOscillatorsTrend Lines
jabranstwocents
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.