NATIONALUM - SWING TRADING - 21.07.2022 - BAHAVAN CAPITAL

NATIONAL ALUMINUMNSE

Description

⋅ Jul 21, 2022 5:04 PM

NATIONALUM Above 76 for a Target 132.

As per the Below Data
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976. 40 Cr DII Net Selling 100.73 Cr

I Anticipated FII Participation to increase and stock to move uptrend as per my post on 19.07.2022 and indeed its good to see FII everyday increased holding.
20.07.2022 FII Net Holding 1780.94 Cr DII Net Selling 230.22 Cr
21.07.2022 FII Net Holding 1799.32 Cr DII Net Selling 312.29 Cr

I only Share my opinions on the shares which i will buy and not for the sake of only publishing and not entering in any stock. NATIONALUM had crossed above 76 and Iam holding as per my own buy call.

Happy Profitable Trading to All.

Comments

PaiZoneTM

⋅ Jul 21, 2022 5:42 PM

We all khow Nalco will go to 132 in next 2, 3, 4 years later. What's the technical analysis could you please explain.

UnknownUnicorn19608572

⋅ Jul 22, 2022 3:53 AM

@PaiZoneTM,

Technical Analysis:
After its fall it had begin to consolidate in last few sessions.
Support & Resistance :
It had taken support thrice @ 67/- and Resistance @ 75/-.
Sectoral Outlook :
As the metal sector outlook looks positive and with the rise in demand for Aluminium and FII Re-Entry.
It Should break the Resistance point for an uptrend move.

Target :
I don't see many years for this stock to touch 132 and i anticipate it will be earlier.

Thanks for your message and wishing you a Profitable Trading... Happy Weekend