a breakout expected in National Aluminium( NALCO)
NATIONALUMThe stock is moving up after taking support at 67 -65 levels(indicated by dotted white lines). The stock had respected price levels between 77 - 85 many times (indicated by the white line) in the past.
Also, there is 200DMA around 85 levels
So looking for entries - above 85 (Should consider volume level along with it)
Short-term target - 100
Stop loss at 77 level
If the stock reverse from the 100 level the stop loss could be shifted to below the 85 levels.
Adding to that nifty metal had shown a break out from the 6300 - 6350 level
*the idea shared is completely based on educational purpose not any form of stock recommendation
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