NRL Nationaly Refinery Limited short term analysis 2nd Dec. 2024
Our Pivot: 200
Our Preference: Start buying NRL above 228 and average it out till 218 with strict stop loss of 200 and profit target at 320 with extension towards 345. While breakout above 345 will open doors for 440.
TECH NOTE: NRL is moving inside a bullish price channel on daily and weekly chart after penetration above resistant trend line of its descending wedge and already have succeeded in establishing ground above 76.4% correction of its last bullish rally, now it would try to expand said correction initially towards 50 and 61.8 percent and these both levels fall at 320 and 345. Meanwhile closing above 61.8% expansion level or 345 Rs will open doors for 100% expansion which stands at 440 Rs and there its being capped by a descending trend line as well.
Key Levels
- Intraday :
- Daily :
- Weekly :
- Resistance-2:345.0000
- Resistance-1:320.0000
- Pivot :200.0000
- Suport-1:228.0000
- Suport-2:218.0000
- RSI :
- Stochastic :
- MCD :
- 1M Range :
- 3M Range :
- 1Y Range :
- 5Y Range :
- Published :2024-12-02 09:30:00
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