El-Nile Co. for Pharmaceuticals & Chemical Industries — Weekly CEl-Nile Co. for Pharmaceuticals & Chemical IndustriesEGX_DLY:NIPHQQQQ9999Technical Analysis — El-Nile Co. for Pharmaceuticals & Chemical Industries — Weekly Chart The stock is in a very strong bullish trend. Price has moved from a long accumulation phase below EGP 40 into a sharp parabolic rally, now trading around EGP 310, with the current weekly candle showing a strong gain of about +38%. Trend Status The major trend is clearly bullish, supported by a sequence of strong breakout candles and expanding momentum. The move from the 90–110 area to above 300 was very aggressive, suggesting strong demand and possible speculative momentum. PRZ / Target Zone The highlighted green area around EGP 310–350 acts as a Potential Reversal Zone (PRZ). Price has already entered this zone, so the stock is now in a sensitive area. This does not automatically mean sell, but it means the risk of short-term exhaustion is increasing, especially after such a vertical move. Key Resistance Levels The main resistance zone is: 310 – 350 EGP A weekly close above 350 would confirm continuation strength and may open the way toward: 370 – 400 EGP Key Support Levels Important support areas are: 300 – 310: immediate support / current breakout area 240 – 250: first strong pullback support 200 – 220: secondary support 160: major trend support 100 – 110: previous consolidation base Momentum Reading The move is extremely powerful, but also overextended. Vertical rallies often continue longer than expected, but they also carry a higher risk of sharp corrections once momentum slows. A warning signal would appear if the stock forms: a long upper wick inside the PRZ, a bearish engulfing candle, a weekly close below 300, or strong volume with failure to continue above 350. Trading View For holders, the chart supports profit protection or partial profit-taking inside the 310–350 zone. For new buyers, the risk is high at the current level. A safer entry would usually come either after a breakout above 350 with confirmation, or after a pullback toward support. Summary The chart is strongly bullish, but price is now inside a potential exhaustion / reversal zone. The best technical approach is to treat 310–350 as a decision area: continuation above 350 is bullish, while failure below 300 may trigger a correction toward 240–250.