National Al has closed above the Box Range
Metal Stocks are in Momentum
It needs to sustain above Prev day's High to show more Recovery
Otherwise it may come back to Prev Range
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Hello Friends,
Here we had shared possible Elliott wave counts of National Aluminium chart, on daily time frame, which is clearly indicating that above 66.95 major support level it is purely in an impulsive phase.
According to the Elliott wave structure, the price chart has exhibited the following patterns:
The initial phase consisted of an upward impulse...
Chart -> National Aluminum Weekly
CMP: 89.30
Good Range To Buy: 84 to 90
Targets: 99, 108, 118
SL: 81 Weekly Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
NATIONAL ALLUMINIUM
has come out of its range from july 2022 and is looking buy on dips as long it is above 80 levels ,can reach levels of 95/100/120/130 in coming days, SL 75
FUNDAMENTALS :
# Company virtually debt free
# Good cash flow
# 50% promoter holdings (GOOD)
# Low PE ratio (Undervalued)
# FIIs and DIIs increasing stakes in the co (VERY GOOD)
NATIONALUM Above 76 for a Target 132.
As per the Below Data
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976. 40 Cr DII Net Selling 100.73 Cr
I Anticipated FII Participation to increase and stock to move uptrend as per my post on 19.07.2022 and indeed its good to see FII everyday increased holding.
20.07.2022 FII Net...
NATIONALUM is about to Break out and Buy Above 76 and Target 132.
There has been change in the holding patterns in last few days.
and it indicates FII have beginned their entry middle of this month onwards.
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976.40 Cr DII Net Selling 100.73 Cr
So iam anticipating a uptrend...
NSE:NATIONALUM
trade according to support and resistance.
current candle (inside bar) will play a crucial role at this level, so trade accordingly.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are...
national aluminium price was increasing with the volume
and given excellent intraday breakout
chart presented for educational study on price volume breakout
#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...
National Aluminum - given a multi year breakout , retest done and started moving up for making new highs
Whenever a share breaks multiyear resistance trendline, it explodes and looks for big targets
Company is posting great results
This is fundamentally and technically strong share
Buy for investment purpose.
Disclaimer: This is not a recommendation but a...
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....
