NRL-LONGNRL buy at cmp as price is reversing from bullish trend line and its a classical bullish trend making HHs and HLs.Target price will be 336
NRL trade ideas
Bullish Divergence on Shorter TF.Bullish Divergence on Shorter TF.
a bounce is expected from the current
level; 269 & then 280 can be touched once
before going further down.
252 is an Important Level that should
not be broken.
Though it has not Crossed the Previous High but
Higher Low is also Still intact (around 215 -220).
NRLA "double bottom buy stop" strategy is a trading approach based on technical analysis. It involves identifying a specific chart pattern known as a "double bottom," which consists of two consecutive troughs at approximately the same price level separated by a peak. The strategy entails placing a buy stop order above the peak that separates the two bottoms. This order is triggered if the price surpasses that level, indicating a potential bullish reversal. Traders often use additional tools and indicators to confirm the pattern and manage risk effectively.
Analysis of NRL Stock: Current Bearish Trend and Future OutlookOur examination of NRL stock in the Pakistan market reveals a pronounced bearish trend that has significantly impacted its performance. With the stock currently trading at over 50% below its peak, we are taking a cautious stance on any analytical approach until we observe clear signs of recovery.
The ongoing downtrend indicates that market sentiment remains overwhelmingly negative, and as such, further analysis or trading strategies would be unproductive at this time. The absence of bullish signals means that potential investors should refrain from entering positions until there is a noticeable shift in the stock's trajectory.
We recommend closely monitoring key indicators and market news surrounding NRL for any early signs of reversal. Until then, maintaining a wait-and-see approach is prudent for those looking to engage with this stock. Our focus will remain on identifying points of strength or recovery that could signal an opportunity to reassess the situation once the bearish trend begins to show signs of abating.
NRL - LONGWe may see great movement in NRL considering the announcement of refinery policy can happen any time.
You can enter with the target of Rs 440-460. This can be a 30% to 35% return.
Do your own research, as this is only for education purpose.
NRL Stock Analysis: Long Buy OpportunityNRL is currently demonstrating a strong upward trend, making it an attractive candidate for long-term buying. The stock has shown consistent bullish momentum, supported by increasing trading volumes and positive market sentiment.
Technical indicators confirm that NRL is well-positioned within the trend, with no immediate signs of reversal. This suggests potential for continued growth, making it an ideal entry point for long-term investors aiming to capitalize on its upward trajectory.
Investors are advised to monitor key resistance levels while keeping an eye on broader market conditions that may influence the stock's performance.
NRL Monthly-Dec 24NRL ready ho chuka hai, last two months closed green, upcoming refinery policy and result improvement after IR cut will make it bullish
Still Bullish335 - 350 is an Important Resistance zone.
Stock is still Bullish on All Time Frames.
It still has the potential to go upside.
Crossing & Sustaining this level may lead
it towards 400 & then around 450+.
On the flip side, Immediate Support is bit away
around 280 - 285.
National Refinery in Bullish Reversalpreviously beraish trend and then bullish divergence appeared.
and it broke its bearish channel and price moved up.
Bullish Divergence on Daily TF.
Bullish Divergence on Daily TF.
Stock is Bullish.
Morning Star Formation will be formed
if Monthly Closing comes above 205 - 207.
However, 320 is an Important Resistance
area.
On the flip side, 180 - 200 is an Important
Support Zone.
However, Risky players may take risk at CMP
with a Stoploss of 225.
NRL 1D IN PSX TREND CHANGEThe trend in the NRL (National Refinery Limited) chart on the PSX shows a clear reversal from a downtrend to an uptrend:
Downtrend: From April to October, NRL experienced a consistent downtrend, marked by lower highs and lower lows.
Reversal and Uptrend: In late October, the stock reversed its trend, breaking out of the downtrend with an upward movement in price.
Support and Resistance Levels:
Support Level (SL): 199.51 PKR
Buy Level: 238.05 PKR
Take Profit (TP) Levels:
TP1: 286.04 PKR
TP2: 324.22 PKR
Volume: There is a noticeable increase in trading volume during the reversal, suggesting strong buying interest.
NRL - PSX - Technical Analysis - Expected 300% Gain in One yearOn monthly TF, butterfly pattern has been drawn. If it respects the pattern as it did up till now, we are expected to see a Bull run till next Dec 2025 for 350% gains in 15 months time. Therefore, this I would call a 3X stock.
On Daily TF, price has been sideways in accumulation phase for quite many days and it is expected that price will break through this zone very soon as Klinger is about to move upwards.
Fundamentally there are also good news coming up for refinery sectors which also confluence with the analysis. Therefore, Buying at present discounted price is highly recommended.
Trade Values
Buy: 238 , SL :137 , TP 1: 346, TP 2: 630, TP 3: 840 , TP 4: 1070
NRL potential Buy setupReasons for bullish bias:
- Price gave trendline breakout
- Harmonic XABCD pattern formation
- Price gave LH breakout
- Price bounced from a strong support zone
- Bullish divergence
- SFEL trade call recommendation
Here are the recommended trading levels:
Buy 1(CMP): 239
Buy 2: 215
Stop Loss Level: Closing below 199
Take Profit Level 1: 279
Take Profit Level 2: 320
Take Profit Level 3: 380
NRLno bullish moment in sight
poor earnings leads to price drop
market moving towards support1
it can take support from level 1 and 2
only good earnings can trigger bullish upside
NRL could drop below 200 and 180 levelsTodays financial results of NRL shows Rs. 90 loss per share this is huge loss. It could be a bearish trend and NRL can hit these below levels.
NRL could drop to below 200 levels.Todays financial results shows LPS Rs. 90. it is huge loss per share. May be NRL drops to these blue lines support levels.
NRL is BullishPrice was in a strong downtrend, however a matured bullish divergence finally seems to be playing out as previous lower high is broken. If bulls maintain their iron grip on price action then we can expect a bullish reversal as per Dow theory. Targets are mentioned on the chart.
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.
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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.
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NRL 1D IN RUN IN THE CHANNELIn bottom of channel buy and sell in top of channel. Play in channel. If channel break up and they further see👀
Happy trading
Bullish Divergence on Hourly TF.Bullish Divergence on Hourly TF.
However, Good Support can be around
255 - 265.
Immediate Resistance is around 290 - 292.
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.
