InvestSun

NALCO || Multiyear Breakout

Long
NSE:NATIONALUM   NATIONAL ALUMINUM
Potential Multi-bagger stock.
1) 12 years Breakout with Strong Volumes.
2) High volume build-up in recent months.
3) NIFTY METAL Index doing well (Stage 2).
4) Fundamentally quite strong.
5) Almost Debt free.
6) Good Quarterly & Yearly profits.

Comments

Short Time Frame Update:

Reversal Signs.

1) 70 EMA support.

2) Bullish Harami Candle on support.

3) Reversal from RSI Support.

4) Gap filling pending.
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