NALCO NATIONALUM - Good levels to add for long term investmentNATIONALUM - Trading near key support zones. Risk reward looks favourable. Can be added at CMP 67.95. Target ATH
National
National aluminium short position I have drawn short position on national aluminum weekly chart. Please check and advise if it is correct. This is for educational purposes only. Thanks. Your feedback and suggestions are most welcome.
EXT 2 Mth Mve IN NATIONAL ALLUI.FOR MY SIDE.NEXT 2 Mth Mve IN NATIONAL ALLUI.FOR MY SIDE. stock move like same up side pattern for last 1.5 years.
Nalco looking good on charts. Long for approx 20rs movementNalco looking good on charts. Long for approx 20rs movement
Simple Trade Setup | NATIONALUM | 30-08-2021NSE: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 frame.
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Trade Setup for Date 30-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level tomorrow.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Punjab National Bank : The Big Bull flagDear Fellow traders,
Punjab National Bank has formed a bull flag on the monthly chart.
The point C is the real bottom for PNB after the bearish divergence that started from point A.
Point C is the end of bearish divergence for two reasons:
1. Point C on price chart: There is a double bottom that has been formed at point C.
2. Point C on RSI: RSI hit the lowest at point C since the listing of Punjab National Bank.
What was the bearish divergence ? Point A: The real top for RSI. The price moved higher at point B from point A on the price chart but RSI was lower on Point B than point A.
My view from here on is extremely bullish for Punjab National Bank.
Short term target: 60
Medium term target: 185
Long term target : 300-400, but if it breaches that trendline on the chart to enter the upper channel, probabilities of attaining 500 rupees and even more will be higher. But that will take about 5-10 years to be achieved.
Note: This is not a financial advice. Please do your own research before investing.
National Aluminum Short term view- Bullish Weekly and daily MACD crossover helps to move further upside upto the given target levls. CCI,Stoch and RSI also favorable to move upside. As per indicators view, expecting to move upside for short term only.
Vijayaraghavn,
Chennai
NATION ALUMINIUM is Long Positional for a Target of 95 CMP 69NSE:NATIONALUM one can buy for a Target of 95 with SL 66.
What's next in National Steel & Agro?Price moved from 15.8 to 26+. Hit upper circuits recently. Will this sustain? Need to wait and watch.
