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!
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
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...
NSE:NATIONALUM has took a very strong support at 89 and now continuously leading toward its all time high. during this journey it has also made a channel pattern and now it has also been braked and highly bullish sign can be seen on chart. we can plan for a swing trade here for 15% gain with at at 108 .
THANK YOU
HAPPY INVESTING
#NationalAluminium ascending wedge breaking outside resistance
The stock seems to be breaking out of a previous resistance zone within an ascending broadening wedge patterns where
swing trading opportunities till upside of channel now.Wide range bullish breakout candle and momentum and trend give
Indication that price could be heading ahead. Stop loss below alert...
NALCO seems to have been trading in this parallel channel for some time now.
I am curious to see if it can sustain above this price level from where it had fallen before to take support and revisit the level now again.
It is not an Investment Advice. Only for Educational Purpose.
THE NATIONAL ALUMINIUM COMPANY has been on a high power bull run,the stock had been making new 52 week highs with the soaring prices of aluminium ores ,the stock has doubled from calender year low ,which clearly shows how the financials have been driven, the bull run has just started in the metal sector with rising demands across all sectors, the balance sheets of...
