After weeks of downtrend Nationalalum is on the way to break the downtrend in the 3rd Elliot Wave.
1. Wait for break of the trend line.
2. Can go long after the retest of the trend line .
3. Final target of 5th wave-46.5 can be achieved.
4. Analysis get failed if the stock fails to break the trend.
Can buy National Aluminium limited for long-term.
- High dividend payout
- Excellent results from last few quarters
- Aluminium prices are soaring
- technical breakout retest
If anyone wants not to take risk, Can put 60 as SL.
Any views are welcome :)