National alumunium Looking good for long termTrendline, volume, support, and buyback news indicate near breakout. We can take this stock for a swing trade.
Nalco
NALCO showing a formation of Head & ShouldersNALCO is forming a head and shoulder pattern in hourly chart. From chart it seems it could not sustain above 47.55 its long term resistance. If it gives a breakdown it may fall to 44 level and then ultimately to its short term support of 41. View negated if it moves past resistance of 47.55.
Disclaimer: - These views are for educational purpose only and not a recommendation.
Long term stratergyReason for long
-Considering commodity cycle for the upcoming year..
- A clean monthly break out ..
- Past history shows it ideally trade between 25 to 100..
One should consider buying Nalco
Nalco Multi Time frame AnalysisNalco is still under selling pressure..
Chart 1 is showing (Day Time Frame) - is showing inverted hammer which is representing huge selling pressure.
Chart 2 and 3 is representing the reversal for downtrend.
Elliot Wave - Bottom is out? or new EW-Cycle.A,B, and C corrective pattern is started or New Elliot Wave motive cycle is already started?
Harmonic Patterns exist.
We have to go lower timeframe for more clarity to determine tradable numbers.
Let's compare Elliot Wave of HINDALCO:
Longer & short TF - TimeCycle, NALCO.
=> Fundamental & Hindalco of the % move > relative to NALCO.
Longer & short TF - TimeCycle, NALCO.Number-6 unit of the TimeCycle has been initiated which in up-direction for NALCO. This timeCycle middle time for complete up move is at 2022.
Daily TimeCycle :
Fundamental & Hindalco of the % move > relative to NALCO.
National Aluminium to break long term downtrendAfter 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.
NALCO LONG !NALCO suggest strong movement with volumes after many days and holding above 30+ levels on daily chart. once can buy for target 40/- in coming days. with stop loss 30/-
NALCO, Sideways, short term scalpingInside Bearish last CD leg of of Gartley. Buy @D, 38.6 range, shortterm profits TP of min 42.5, 44.75 Feedback(s) appreciated
hindzinc likely rally of 4/6 %in the upcoming 4 sessions hindzinc to me personally looks well enough to go long !
Can buy National Aluminium Limited for long-termCan 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 :)
