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 looks too good on weekly and monthly charts.
Building up great volumes on charts.
will wait for confirmation and trade on breakout.
Weekly close above 81 will take it to 100/120/140.
Will keep SL of 73 on weekly basis.
***DO YOUR OWN ANALYSIS BEFORE TAKING ANY TRADE.***
National Aluminium Company Limited (NALCO) is a Navratna CPSE under the Ministry of Mines. }It was established on 7th January 1981,
integrated and diversified operations in mining, metal, and power. }The Company registered a record net profit of Rs 1732 crore in 2018-19, which is the highest in a decade, and sales turnover of Rs 11386 crore in the financial year...
EXTREME BEARISH HARMONIC IMPULSE in formation
The exceptional item break up of 801.46cr ....
In the matter of disputed water charges between the Company and the Government of Odisha, both the parties vide minutes of meeting dated 8th
Dec'2017 have agreed for Rs. 58.18 crore as one time settlement towards arrear dues upto 31st Oct'2017 based on the...
