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Bannu Woollen Mills Limited (BNWM) Technical Analysis on PSX
As of 06-Nov 03:49 PM, Bannu Woollen Mills Limited (BNWM), listed in the Woollen sector, traded at PKR 61.50 on the Pakistan Stock Exchange. The short-term trend is neutral (sideways) with weak strength and the long-term trend is neutral (sideways). The nearest short-term support zone is PKR 57.72 – 58.25 and the nearest short-term resistance zone is PKR 62.99 – 63.52.
BNWM key levels and trend
| Sector | Woollen |
|---|---|
| Last price (PKR) | 61.50 |
| Short-term trend | neutral (sideways), weak strength |
| Long-term trend | neutral (sideways) |
| Short-term support zone (PKR) | 57.72 – 58.25 |
| Short-term resistance zone (PKR) | 62.99 – 63.52 |
| Long-term support zone (PKR) | 55.40 – 58.01 |
| Long-term resistance zone (PKR) | 67.99 – 70.60 |
| Distance to nearest support | 5.3% |
| Distance to nearest resistance | 2.4% |
| Data as of | 06-Nov 03:49 PM |
Levels are calculated by FoxLogica's analyzer from PSX price history and refreshed after each trading day. They are zones, not exact prices, and can change quickly.
How to read support and resistance
Support is a price area where a stock has often stopped falling because buyers stepped in. Resistance is an area where rises have often stalled because sellers appeared. When price is close to support, the stock is near the lower edge of its recent range; close to resistance, near the upper edge. A move beyond either zone can signal a breakout or a breakdown, but many such moves fail, so traders usually combine levels with volume and a plan for limiting losses.
Frequently asked questions about BNWM
What is the current support level for BNWM?
FoxLogica's analyzer shows a short-term support zone of PKR 57.72 – 58.25 and a longer-term support zone of PKR 55.40 – 58.01 for BNWM, as of 06-Nov 03:49 PM. Support is a price area where buying interest has tended to slow declines.
What is the current resistance level for BNWM?
The short-term resistance zone is PKR 62.99 – 63.52 and the longer-term resistance zone is PKR 67.99 – 70.60, as of 06-Nov 03:49 PM. Resistance is a price area where selling pressure has tended to stop rises.
Is BNWM in an uptrend or a downtrend?
As of 06-Nov 03:49 PM, the short-term trend for BNWM is neutral (sideways) (weak strength) and the long-term trend is neutral (sideways). Trends change, so check the latest data before relying on them.
How far is BNWM from support and resistance?
At PKR 61.50, BNWM is about 5.3% above the nearest support and 2.4% below the nearest resistance, based on the analyzer data as of 06-Nov 03:49 PM.
Is this financial advice?
No. This page is educational. It shows technical levels calculated from price history and is not personalized advice, a recommendation to buy or sell, or a forecast. Trading involves substantial risk of loss.
!now BNWM.Disclaimer: Trading in stocks and securities involves substantial risk of loss. FoxLogica provides educational content, analytical tools and community insights, not personalized licensed financial advice, and is not a registered brokerage or advisory firm unless separately stated. Past performance is not indicative of future results. Do your own research.