{"id":1328,"date":"2023-12-03T15:33:24","date_gmt":"2023-12-03T15:33:24","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=1328"},"modified":"2023-12-08T19:15:04","modified_gmt":"2023-12-08T19:15:04","slug":"npl-settling-at-38-2-fibonacci-level-again","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/npl-settling-at-38-2-fibonacci-level-again\/","title":{"rendered":"Updated: NPL settling at 38.2% fibonacci level again!"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Update (07\/12\/2023):<\/h2>\n\n\n\n<p>The share price of NPL bounced off the 0.38 Fib level on high volume which has sparked 4 consecutive green candles. The share price should rally further if it manages to break the resistance at its previous high of Rs. 32.70.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/image.png\"><img decoding=\"async\" width=\"1024\" height=\"549\" src=\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/image-1024x549.png\" alt=\"NPL chart\" class=\"wp-image-1379\" srcset=\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/image-1024x549.png 1024w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/image-768x412.png 768w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/image-640x343.png 640w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/image-400x215.png 400w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/image-367x197.png 367w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\">Original Article:<\/h2>\n\n\n\n<p>Nishat Power Limited (NPL) recently corrected to its 0.38 Fibonacci retracement level after making a 52-week high of Rs. 32.72. It looks to be consolidating around the 29.06 support level as shown in the chart below.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik.png\"><img decoding=\"async\" width=\"1024\" height=\"545\" src=\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-1024x545.png\" alt=\"NPL chart\" class=\"wp-image-1330\" srcset=\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-1024x545.png 1024w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-768x409.png 768w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-640x341.png 640w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-400x213.png 400w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-367x195.png 367w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p>The 0.38 Fibonacci level is significant as it is the same level that the price corrected to during its previous correction as shown below:<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-1-1024x547.png\"><img decoding=\"async\" width=\"1024\" height=\"547\" src=\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-1-1024x547.png\" alt=\"NPL chart\" class=\"wp-image-1334\" srcset=\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-1-1024x547.png 1024w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-1-768x410.png 768w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-1-640x342.png 640w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-1-400x214.png 400w, https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-1-367x196.png 367w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The share price of NPL bounced off the 0.38 Fib level on high volume which has sparked 4 consecutive green candles. The share price should rally further if it manages to break the resistance at its previous high of Rs. 32.70.<\/p>\n","protected":false},"author":6,"featured_media":1330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[31],"class_list":["post-1328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charts","tag-npl"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik-300x160.png",300,160,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2023\/12\/grafik.png",1527,813,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/1328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=1328"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/1328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/1330"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=1328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=1328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=1328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}