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[alam]

I am reproducing this by his permission. Consider this as tutorial.

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From: "MUHAMMAD ALY BALAGAMWALA"
Date: Wed May 3, 2006 7:30 am
Subject: NML - An Amateur's Overview mabalaga
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DISCLAIMER: I AM AN AMATEUR AT TA AND THIS IS NOT THE FINAL DEFINITIVE WORD

On the request of Zulfiqar Ali Bhai:

NML - Nishat Mills Limited

Looking at the Monthly View:

Price end December 2002 was 18.20, Dec 2003 was 32.25, December 2004 was 77.40, December 2005 was 113.50. March 2005 was 126.95, all-time high was Feb 2006 147.25.

RSI is neutral at 66 but we see a bearish divergence since March 2005 RSI was 87.21 and the peak made in Jan 2006 was 71.83.

Williams %R Inverse (which is basically my own variation and is 100 + Williams %R ) was 91 in March 2005 and made a high of 96.36 in Jan 2006.

MACD continues to rise up over the past 3 years. However, the histogram shows bearish divergence between March 2005 and Feb 2006 highs.

Stochastics %K crossed below %D in March 2006.

The 15 Month has been a good support through it's rise and it is at 100 right now indicating any major fall would find support there Insha'ALLAH.

On the Weekly view:

RSI at 50 and declining. High of 94.81 made second week of February and crossed below MA in 3rd week

MACD peak made in 3rd week March 2005 was higher than peak made 3rd week Feb 2006. Bearish divergence is also exhibited on the histogram.

Price bounced close to 30-wk MA in current decline. 70-wk MA (15 month) is at 100. 20-wk MA is potential resistance around 130 level.

Williams RInv is around 50 aftger bouncing from 22 level.

On the Daily View:

RSI at 40 after bouncing from 27.68. Crossed below its MA on 7 April.

Williams RInv is at 35.29 after bouncing from 0.00 on 26, 27, and 28 April (which was the low day in current decline).

MACD crossed below zero on the 28th of April but shows slight signs of turning upward.

Moved above 100-Day MA which is good. 50-Day around 134 is potential resistance.

Also price crossed up from under the bollinger band showing some recovery.

Advice:

While long-term view shows bearish signs, I would advice a move above 50-Day MA as a time to buy for short-term with strict stop-loss though.

[Daba Khan]

In my opinion NML (Nishat Mills Limited) came at very attractive level
Closed on 26-5-06 at 107.70
It was low Rs.107.50 on 19-12-2005
One should buy 10% between 100 to 107
10% between 95 to 99
15% between 90 to 94
If it is closing below 90/- then get out.
It was Rs.88.40 on 31.10.2005 after that we did not see below 90/-
There are some news in upcoming budget so be alert about news.
Take your own decision
100% choice is yours.

[Muhammad Ilyas]

Daba Khan, on May 28 2006, 03:33 PM, said:

In my opinion NML (Nishat Mills Limited) came at very attractive level
Closed on 26-5-06 at 107.70
It was low Rs.107.50 on 19-12-2005
One should buy 10% between 100 to 107
10% between 95 to 99
15% between 90 to 94
If it is closing below 90/- then get out.
It was Rs.88.40 on 31.10.2005 after that we did not see below 90/-
There are some news in upcoming budget so be alert about news.
Take your own decision
100% choice is yours.

This time brother we may see NML@ 96--86.

[Daba Khan]

Today NML is upper lock at 101.85

[Farrukh]

Best of luck Daba bhai with NML.

[scholar]

salam all, according to KASB, NML and SNGL would be up in coming days as well, what do you guys think, would NML and SNGP would close at their respective upper locks tomorrow as well,seek expert views and opinions