Metal sector: Nifty metals has not shown much rally but as per time cycle this sector seems to be ready to fly in next few days/weeks. My Preferred picks are: Jsw steel, Nalco, jspl.
We have seen in past how consolidation breakouts always give rocket moves. One such pre breakout consolidation trade is NALCO If this stock manages to sustain above 140, we will enter mad bull run in this stock. It is always safe to enter before breakout since we get an option to partially book and trail SL post breakout. Levels mentioned on chart. I hope you all...
Hello Friends, Here we had shared possible Elliott wave counts of National Aluminium chart, on daily time frame, which is clearly indicating that above 66.95 major support level it is purely in an impulsive phase. According to the Elliott wave structure, the price chart has exhibited the following patterns: The initial phase consisted of an upward impulse...
Metal Index Above 6000 other metals should come out for good move Jindal Steel JSW Steel Vedanta Nalco Sail Hindalco Vedanta Do teen attempt hogaya one more time 🤞this time it may break the zone
NSE:NATIONALUM has been above 0.50 Fibonacci levels and MACD and STOC RSI also are in the positive note. TARGET 1 : 84.25 TARGET 2: 86.75 STOP LOSS : 78.55 Disclaimer: The following information is for educational and informational purposes only and should not be construed as financial advice or a recommendation to buy, sell or hold any stock or investment....
NALCO for long-term. Stock near 52WK low in price bound range (67-81) since June 22. Fundamentals: Good Technical: Cup formation Target: 81/88/98 Resistance: 67 If held for more than 1 year, then a target of 111 also possible. Remark: Growth + Dividend Stock
the script is growing steadily with a upward trend lines and now looking for a breakout at 103. once its crossed 103 short time traders can jump in and for long term . just wait and watch the show.#Nalco #bearkout. **Only for educational purpose**
1. important close above trendline 2. closed above 61 EMA 3. Higher low and Higher high confirmed As metals are moving up this will also add momentum to NALCO Use discretion!
The stock is testing its resistance for a while. Good to go after a Breakout. It looks good above 74 on closing basis. The expected targets are 80 & 86
Weekend Study No. 2 #NATIONALUM Stock has already given bearish flag break down on weekly time frame. 61-66 is great demand zone and stock technically should reach there in coming days. For any positive bias, stock needs to stay above 80 on WCB. Below 60, I'd be worried about investors!
NATIONALUM - Trading near key support zones. Risk reward looks favourable. Can be added at CMP 67.95. Target ATH
National Aluminium Company Limited, abbreviated as NALCO, (incorporated in 1981) is a Navratna group ‘A’ CPSE. NALCO is engaged in the business of manufacturing and selling of Alumina and Aluminium. The Company is the lowest-cost producer of metallurgical grade alumina in the World and lowest-cost producer of Bauxite in the world as per Wood McKenzie report. The...
educational purpose only metal sector has been doing extremely well and National Alum has been outperforming. This is one chart which is bullish even in a bear market. The trend is buy on dips. there is a strong support at 118.75 level and the stop loss should be below the support.
This stock is looking strong and on its way for a breakout. Looks like a cup and handle pattern on daily candles. Prediction is projected. Risk to reward is favourable. Conservative traders can wait for confirmation. Aggressive ones can initiate in small quantities. Learn to earn for fun. Pilot trader. Disclaimer: Not for investment advice, for education...
Nalco broke out from the channel to test the resistance but formed a doji which means a reversal, I’m bearish for 2-3 trading sessions, long term inact
NALCO forming parallel channel 128 or 118 suggest your view thanks for participation mcpriceaction
We can expect an awesome upward move from the /steel sector if tata steel sustains above 1249 level , considering it's blockbuster results, let's hope FII's become net buyers else this breakout will be useless.
NSE:NATIONALUM is ready for Quick Upmove after taking support from it's previous low and a Trendilne which is forming from Nov, 2020. Each and every time the price touched this trend line the price reversed with big move. you can take entry after crossing 100 Day EMA. you can hold it for 102, 120 and 126. SL shuld be 84 for less risky traders Or you can place SL...