Positional Trade(2-3 weeks) Buy: NALCO CMP: 73.50 Target 1: 82 Target 2: 86 Stop Loss: 69
NALCO Can go long @ cmp target 1- 73.50 target 2- 75 stoploss - 71.50
Date: 24 May 2021 National Aluminium (Nalco) Flag pattern formation taking shape. Target and SL given in Aluminum
Please be careful in metals as it is currently trading below the trend line.
This is follow-up on National Aluminium. Can check link to related ideas. Target 3 achieved. More than 66%. Target 4 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only.
This is follow-up on National Aluminium. Can check link to related ideas. Target 2 achieved. More than 49%. Target 3 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only.
Trendline, volume, support, and buyback news indicate near breakout. We can take this stock for a swing trade.
NALCO 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...
Reason 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 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.
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.
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.
Buy above 35.3 with SL at 34.45 Sell below 34.45 with SL at 35.3
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.
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/-
Inside 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 to me personally looks well enough to go long !