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NATIONAL REFINERY LTDNATIONAL REFINERY LTDNATIONAL REFINERY LTD

NATIONAL REFINERY LTD

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NRL trade ideas

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
PSX:NRLLong
by Golden_Spur
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.
PSX:NRLLong
by Popafaseeh
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. Please note that my charts are premium content, but I'll do my best to provide a quick analysis for free, upon request I'm keeping my chart lines private, as I don't want to reveal my secret weapon just yet! If you'd like more analysis, just hit boost and let me know which company you're interested in, and where you're currently stuck.
PSX:NRL
by JawadFarooq
1
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. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
PSX:NRLLong
by mbaberhanif
7
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.
PSX:NRLLong
by Golden_Spur