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Analyst Opinion
NRL - National Refinery Ltd.
NRL Breakout Delivers — Eyes on Higher Targets
Muhammad Wajahat    9/24/2026 9:12:00 AM
NRL has successfully broken out of its key resistance zone, signaling strengthening technical momentum and reinforcing the stock’s bullish outlook. The stock has achieved its first three upside targets, and investors are advised to continue holding positions for the remaining targets of PKR 585.65, 601.25, and 625.35. In line with the improving price structure, the stop-loss has been revised upward to PKR 522.35 to secure accumulated gains while maintaining disciplined risk management.
Link: https://scstrade.com/apaudio/NRL-117-1790163858428-4c286f4f.pdf
NRL - National Refinery Ltd.
NRL Surges Above Resistance: Fresh Upside Ahead
Muhammad Wajahat    9/22/2026 10:25:48 AM
NRL has decisively broken above its key resistance trendline, signaling a positive shift in technical momentum and strengthening the stock’s bullish outlook. We recommend investors accumulate the stock within the PKR 527.92 – 531.35 range, with a stop-loss placed below PKR 475.35. Sustained momentum above the breakout level could drive the stock towards our upside targets of PKR 539.35, 552.35, and 571.35.
Link: https://scstrade.com/apaudio/NRL-103-1789992703093-2ce4154b.pdf
NRL - National Refinery Ltd.
NRL Bullish Setup Confirmed — Hold & Trail
Muhammad Wajahat    8/24/2026 9:26:40 AM
NRL has successfully taken support at its key support zone, reaffirming the stock’s bullish technical structure and renewed buying interest. Having already achieved its first two upside targets, we recommend investors continue to hold positions for the remaining targets of PKR 549.96, PKR 571.35, and PKR 591.98. In line with the improving price structure, the stop-loss has been revised upward to PKR 492.31, securing gains while maintaining disciplined risk management.
Link: https://scstrade.com/apaudio/NRL-58-1787515349899-863da7ed.pdf
NRL - National Refinery Ltd.
NRL Breakout Retest Signals Strong Upside Potential
M Wajahat    8/17/2026 12:00:00 AM
NRL has successfully broken above its key resistance zone and is currently retesting the breakout level, reaffirming its bullish technical structure and signalling renewed buying interest. The stock has already achieved its first upside target, and with momentum remaining strong, investors are advised to continue holding positions for the next targets of PKR 523.35, PKR 549.96, and PKR 571.35. In line with the strengthening price structure, the stop-loss has been revised upward to PKR 462.60 to protect gains while maintaining disciplined risk management.
Link: https://scstrade.com/research/Research%20Reports/General/Technical%20Analysis%20Report%20NRL%20Aug%2017,%202026...pdf
NRL - National Refinery Ltd.
NRL Breaks Resistance, Bullish Momentum Takes Charge
M Wajahat    8/11/2026 12:00:00 AM
NRL has confirmed a breakout above its key resistance zone, signalling a positive shift in technical momentum and presenting a favourable buying opportunity. Investors are advised to accumulate the stock within the PKR 492.95–494.35 range, with a stop-loss placed below PKR 449.49. On the upside, the expected targets are 509.31, 523.35 , and PKR 549.96, provided the breakout remains intact.
Link: https://scstrade.com/research/Research%20Reports/General/Technical%20Analysis%20Report%20NRL%20Aug%2011,%202026...pdf