NPL GETTING RESISTANCEConfronting a strong Supply zone which the scrip needs to break & sustain for upward movement. Lagging Span also needs to cross the Base Line, though it has crossed, but with narrow margins. Stock is Bullish on HTF and LTF.
NPL trade ideas
NPL - Bullish Trend on DailyNPL is in uptrend on Daily TF.
We are taking entry on a strong horizontal and trendline support.
Stoploss is placed to manage the risk.
NPLNPL is facing strong resistance level around 43-45. This level was break in October 2017. Any break out creates bullish momentum otherwise rejection can be seen.
NPL forming a double topPSX: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.
NPLCurrently price is making higher highs and higher lows which indicates uptrend. Can be considered at current level for the target of 37 and place slow below 30.
