NALCO 2017- Buy in Arithmetic Zone 32-35 in August Fair 2017

NATIONAL ALUMINUMNSE

Description

⋅ Dec 31, 2016 3:18 PM

S-L-- Sell First & Buy Later

I shall thank all my followers & from the bottom of my heart, wishing a happy & prosperous year2017 to you & your near ones.

In our childhood, all of us, use to get excited when our parents took us for a visit to a nearby fair- why- because we get so many good things at the cheapest & best rate.

What is the connection of Fair & Nalco
In the last couple of years NALCO comes out with a fair every August Month- So, won't you be interested to buy something for yourself in the upcoming Aug2017 Fair.

Since 2008 highs of 141- Nalco has travelled down in irregular flat correction (W)-(X)-(Y) making a low@24 in Aug2013
Pushed up to 69 Highs in Sep2014 & had a fall, making a higher low@28 in Aug2015 compared to low in Aug2013.
From Aug2015 lows@28 -Again pushed & made a new high@73 in current month of Dec2016.

Observations
Look at the Arithmetic Progression at recent lows & highs-24+4 =28 -- 69+4 =73-- Next in the series-- 28+4 =? (Range of 32-35)

Trading Strategy

One should look for the arithmetic progression zone of 32-35 as the buying opportunity zone in this stock or going above 73 highs which got rejected recently by sellers.

Comment

⋅ Feb 13, 2017 9:28 AM

14:57 Hrs 13th Feb2017

Last Price@66.55

Look at the last week candle -that was a huge red candle.

Comment

⋅ Feb 24, 2017 4:25 PM

21:53 Hrs 24th feb2017

Last Price@66

Fall from 79 to 66 looks Impulsive gives hope that in 6-8 months we could see the possible interested zone for Nalco

Trade active

⋅ Apr 20, 2017 12:52 PM

18:21 Hrs 20th April2017

Last Price@68

Looks choppy but an impulsive fall from 80's to 66 -let us see it breaks 63 lows in next couple of months.

Trade active

⋅ Oct 17, 2019 1:56 PM

19:25 Hrs / 17th Oct 2019

Last Price@40.40

Recent Low @36/37

Very close to desired zone where we should have a look. Thanks

Trade active

⋅ Mar 17, 2020 8:59 AM

14:24 Hrs / 17th March 2020

Kindly consider your financial advisor for all investment decisions.

Last Price @ 30.65

Another stock for portfolio - Nalco -------------reached the desired zone late by 2 years

13th March 2020 - Snapshot

Comments

TURTLEDR

⋅ Mar 18, 2020 4:52 PM

Thanks, if time permits this weekend do help us in understanding the current market scenario and of course Tata Steel fighting hard to defend 280 🤞

AMBRISH

⋅ Mar 17, 2020 12:44 PM

Thank you for the reminder, I had removed it from my screen after it breached 25.

AKSHAYSHAH27

⋅ Dec 2, 2019 2:20 AM

As always...perfect analysis. Thank you for guidance Sir.

nitiny2k

⋅ Jan 3, 2017 1:46 AM

Great Analysis. Thanks for considering request. In my opinion - the daily charts are suggesting a very strong uptrend and we may see fresh breakout above recent highs. With the entire commodity complex moving up, it can provide further tail wind. Please do revisit the counter.

WaveTalks

⋅ Jan 24, 2017 5:37 AM

@nitiny2k, We cannot jump here so likely we will wait for the pullback & later decide-which way

asif06542

⋅ Jan 1, 2017 10:43 AM

happy new year sir.

WaveTalks

⋅ Jan 1, 2017 11:55 AM

@asif06542, Wish you a happy & prosperous New Year Asif.

nitiny2k

⋅ Jan 24, 2017 5:29 AM

@AbhishekHSinghCMT, Dear Sir - Please share your updated view as the script has moved above 73.

AMBRISH

⋅ Dec 31, 2016 5:30 PM

Happy New Year to you and all flowers.

WaveTalks

⋅ Oct 17, 2019 1:54 PM

@AMBRISH, Cheers!!! Happy New Year in Advance for 2020