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.
this is the daily chart of nalco. Educational Purpose.
RSI > 50 MACD Cross Support Bounce Expecting some upside.
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...
NSE:NATIONALUM I am posting as one of the follower requested for it. This is positional trade setup only. Observations: 1) On Daily time frame, we can see that it faced resistance from 21DMA but closed above 10DMA. It is now in between 21DMA and 10DMA. 21DMA is immediate resistance and 10DMA is immediate support. We can see that the critical level is 100....
Nalco price action suggest reversal possible fresh buying is missing around current levels not able to manage the breakout of previous life high levels rsi and macd divergence,, good positional short candidate
We can go for long when it hits back 85. Meanwhile it's an opportunity for shorting.
Look fresh in range 90-96 for upside 120-140 med term with SL 70...!!!
Nalco looking good on charts. Long for approx 20rs movement
NSE:NATIONALUM Observations: 1) On Daily time frame it is already taken good support and reversal from 100DMA and now it is just closed below 21DMA. Please refer below chart : Daily time frame. 2) On 1hr time frame it is just below next resistance zone. And it formed kind of inverse head and shoulder pattern. Please refer below chart: 1 hour time...
NSE:NATIONALUM NALCO has shown a good pull back and have good financials, and according to the trend following , It should go long. It is also near the resistance and have a good buying signal from RSI also.
#nationalaluminium #nalco 4 bar bullish momentum reverse divergence seen on weekly charts that could pull up to 98 levels again. Daily momentum has taken support and bounced up.it could also turn out as a resistance acting as support and change in polarity bounce up move is also a possibility. Long entry on confirmation if next week candle staying above this...
Buy NATIONAL ALUMINUM at 87 with Stop loss of 76 for the target of 98 and 109
Its a multi year breakout. Try to add some on dips at 78 level. It could give a good return in the times to come.