NATIONALALUM#NATIONALUM
Trend: Stock is in an uptrend with recent breakout through resistance levels. Support Level: Around *220.
Resistance Level: Near *240 (recent high).
Volume: High trading volume, indicating strong buying interest.
Entry Point: Buy near *220-225 on pullback for optimal entry. Short-Term Target: 245-250 if uptrend continues.
Stop Loss: Place stop loss around *210 to limit downside risk.
Outlook: Bullish; look for potential pullback to support zone for a better buying opportunity.
NATIONALUM
NATIONALUM : Swing Trade#NATIONALUM #swingtrade #chartpattern #trendingstock
NATIONALUM : This is how i expect the Stock to move
>> Low PE Stock
>> Trending Setup on Daily
>> Chart pattern Visible
>> Possibility of failed breakdown and then up move
>> Good Strength & Volumes
Swing Traders can lock profit at 10% and keep trailing
Market is continuously falling and its uncertain as to how much more fall is pending, so trade only good structures with proper Risk management and proper Stop-loss Rules.
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
National Aluminium Company Limited - Breakout Setup, Move is ON.#NATIONALUM trading above Resistance of 216
Next Resistance is at 331
Support is at 142
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
*National Aluminum cmp 207.04 by Monthly Chart since listed**National Aluminum cmp 207.04 by Monthly Chart view since listed*
- Weekly basis Support at 192 > 169 > 143 with Resistance only at ATH 212.40
- Volumes steady over past few weeks and supportive for more beyond ATH 212.40 done today
- *Stock chart has formed back to back Bullish Rounding Bottoms with the neckline at Support Zone*
'Bullish' on National Aluminium for Medium TermThe scrip was in a corrective phase after reaching a 52W high of .The scrip gave a breakout from the triangle pattern on daily time frame forming a large bullish candle on 01.03.2023 rising 5.6 percent to Rs 82.65 with above average volumes, the highest closing level since January 31.The stock is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.This suggests that buyers have started taking control.
A buy above 85 levels is recommended for first target of 97 and 2nd target of 112.
MACD Crossover Swing Trade - NATIONALUM📊 Script: NATIONALUM
📊 Sector: Non Ferrous Metals
📊 Industry: Aluminum and Aluminum Products
⏱️ C.M.P 📑💰- 191
🟢 Target 🎯🏆 - 203
⚠️ Stoploss ☠️🚫 - 183
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
DO NOT MISS THIS PRE BREAKOUT TRADE!We have seen in past how consolidation breakouts always give rocket moves.
One such pre breakout consolidation trade is NALCO
If this stock manages to sustain above 140, we will enter mad bull run in this stock.
It is always safe to enter before breakout since we get an option to partially book and trail SL post breakout.
Levels mentioned on chart. I hope you all can get to ride this share with me if this breaks out.
NATIONALUM | Multiyear Breakout📊 DETAILS
Sector: Aluminium & Aluminium Products
Mkt Cap: 30,451 cr
Incorporated in 1981, National Aluminium Company Limited (NALCO) manufactures and sells Alumina and Aluminium
TTM PE : 20.49 (High PE)
Sector PE : 30.24
Beta : 1.91
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
2.07% away from 52 week high
Outperformer - National Aluminium Company up by 8.37% v/s NIFTY 50 up by 2.4% in last 1 month
📈 FINANCIALS
Piotroski Score of 4/9 indicates Weak Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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NATIONAL ALUMINIUM - Swing Trade Analysis - 28th January #stocksNATIONAL ALUMINIUM (1D TF) - Swing Trade Analysis given on 28th Jan, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Breakout - Done ✓
- Volume Spike at Resistance - Done ✓
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #nationalum
NATIONALUM : LONG TERM STRUCTURENSE:NATIONALUM
Happy New Year in advance and farewell to 2023.
Today was the last trading day of the calendar year, and I hope you all have learned a lot and gained valuable knowledge.
We will continue to grow in 2024 and gain deeper insights into the market. Thank you for your trust and support.
Let’s make 2024 a great year together.
One More Pick For 2024 lets analyse it.
#NATIONALUM 3month Chart analysis. 📊
You can see the price is approaching the Major Resistance zone on the 3-month Chart.
With Long-term View I am expecting it to give more than 2x return Soon.
The Price has approached the Horizontal resistance zone with good volume confirmation and momentum building is great.
You can enter in a range of 120-130 (keep room for averaging at lower levels around 100.
Take a confirmation of the weekly candle close above its previous candle for adding more quantity.
Target levels are mentioned on chart. 📊
Keep learning,
Happy trading
NATIONALUM - Bullish Consolidation BreakoutNSE: NATIONALUM is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NATIONALUM - Swing Trade for Long ⚡ 🚀NATIONALUM is moving out of significant consolidation and can move towards a Weekly breakout. It was the previous support and after the downward flight it acted as a resistance and now it had given the breakout.
#SwingTrading
#Breakout
#PriceAction
Disclaimer: This video is for educational purposes and not a recommendation. Analysis Posted here is just our view/personal study method on the stock. Do your own analysis or consult your financial advisor before making any investment decision.
MMTC 10 Year Breakouts1. **Technical Analysis**:
- The stock has experienced breakouts on multiple time frames: daily, weekly, and monthly. This is generally considered a positive sign in technical analysis, as it indicates strong upward momentum.
2. **Trading Recommendation**:
- The recommendation is to buy NSE:MMTC at around Rs 70.
- The target price (TRG) is set at Rs 100-125, which suggests an expectation of significant price appreciation.
- A stop-loss is placed at Rs 53.50, which is intended to limit potential losses in case the trade goes against the investor.
3. **News Event**:
- The stock's rise is attributed to the Indian government's approval of royalty rates for mining strategic minerals, specifically lithium, niobium, and rare-earth elements.
- This approval allows the government to auction blocks for these minerals in India for the first time.
- The royalty rates are specified as 3% for lithium and niobium and 1% for rare-earth elements.
- Royalty rates are important financial considerations for bidders in the auction of mineral blocks.
- India is currently conducting exploration for critical and strategic minerals.
Keep a close eye on NATIONAL ALUMINUM.Keep a close track of NATIONALUM because it's close to breaking out. For the past year, the stock has been moving within a supply demand range, forming a rectangle pattern.
By Looking at chart, you can see that it has repeatedly reached resistance and then returned to its support level.
Today, it has once again reached that resistance level, and it seems likely that it might break the pattern. If it does, we would need to see a relatively large candle followed by Good increased in volume for confirmation.
Trade can only initiated when it sustain above the line at 89,
We can partially book our profits at 93.35 as first target. We can even go longer after reaching 1st target.
Stop Loss at 85.
Do prepare your own setup, this was only for Educational purpose.
"NATIONALUM" crossing crucial Fibonacci levels.NSE:NATIONALUM has been above 0.50 Fibonacci levels and MACD and STOC RSI also are in the positive note.
TARGET 1 : 84.25
TARGET 2: 86.75
STOP LOSS : 78.55
Disclaimer: The following information is for educational and informational purposes only and should not be construed as financial advice or a recommendation to buy, sell or hold any stock or investment. Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. However, the future performance of a stock or investment cannot be guaranteed based on technical analysis alone, and other factors, such as economic conditions and company fundamentals, should be considered when making investment decisions. Before making any investment decisions, please consult with a licensed financial advisor and conduct your own research to determine if an investment is suitable for your individual circumstances and risk tolerance. Past performance is not indicative of future results, and investing involves risk, including the possible loss of principal.
Nationalum - looks good this weeknationalum - national aluminium company limited
In Monday’s (13-feb-2023) session, the stock formed a bullish engulfing candlestick pattern on the daily chart which is pointing to a bounce against the current downtrend, at least for the time being. A counter-trend rally to 81.15 can be seen in this week, from the 78.90.
disclaimer: note this is just for education purpose to analyze the candle stick pattern, rsi and expected next levels as per fibonacci levels. this is not buy or sell call, any trading on this counter will be at your own risk.
Head & Shoulders bottom in Aluminium FuturesAluminium futures on MCX have broken out from head and shoulders bottom formation. The base metal futures have also completed retracement and continuation waves. The price action is bullish and seems to be heading toward measured move target of 250.
Further, if the trade on Aluminium futures is bullish, we believe National Aluminium (NSE: NATIONALUM) should follow through on bullish price action along with the base metal.