StrategicAlpha

NALCO- Heads i Win, Tails i Loose Small Trade

Long
NSE:NATIONALUM   NATIONAL ALUMINUM
National Aluminium Company Limited (NALCO) is a Navratna CPSE under the Ministry of Mines. }It was established on 7th January 1981,
integrated and diversified operations in mining, metal, and power. }The Company registered a record net profit of Rs 1732 crore in 2018-19, which is the highest in a decade, and sales turnover of Rs 11386 crore in the financial year 2018-19, which is the highest since inception. } Presently, the Government of India holds 51.5%. }One of largest integrated Bauxite-Alumina-Aluminium- Power Complex in the Country. }The Company has a 68.25 lakh TPA Bauxite Mine & 21.00 lakh TPA (normative capacity) Alumina Refinery located at Damanjodi in Koraput district of Odisha, and 4.60 lakh TPA Aluminium Smelter & 1200MW Captive Power Plant located at Angul, Odisha. }NALCO has bulk shipment facilities at Vizag port for the export of Alumina/Aluminium and import of caustic soda and also utilizes the facilities at Kolkata and Paradeep ports.

NALCO has Created Upflag Pattern on Daily Charts , Giving us a Good Risk/Reward Setup