NRL 1D IN PSX TREND CHANGE
The 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.
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.
Penafian
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