seekedgetrade

#nationalaluminium #nalco bullish momentum reverse divergence

Long
seekedgetrade Updated   
NSE:NATIONALUM   NATIONAL ALUMINUM
#nationalaluminium #nalco
4 bar bullish momentum reverse divergence seen on weekly charts that could pull up to 98 levels again.
Daily momentum has taken support and bounced up.it could also turn out as a resistance acting as support
and change in polarity bounce up move is also a possibility. Long entry on confirmation if next week candle staying
above this weeks low as stop loss could work out low risk trade. metal sector is also having enough momentum.
Comment: #Nalco time to exit below the support zone, the bullish divergence failed to work. call it a happy loss and wait for another opportunity.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.