NPL — Weekly Technical Analysis

Nishat Power Limited (NPL) is currently trading around the 61.8% Fibonacci retracement level near 53.91.

Price has shown a strong bullish move after breaking above the previous resistance zone.
The 40–45 area was a strong resistance zone previously and may now act as a potential support zone.
The rising trendline also provides additional support around this area.
If price respects the 40–45 support zone and confirms bullish price action, a potential recovery toward 62.91 (0.5 Fib) and 71.91 (0.382 Fib) can be considered.
However, a decisive break below the support/trendline would weaken the bullish structure and require further confirmation.

Key Levels:

🔹 Support: 40–45

🔹 Current Level: 53.91 (0.618 Fib)

🔹 Resistance: 62.91 / 71.91

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NPL — Weekly Technical Analysis