Stock gives breakout on a daily timeframe and consolidating in resistance area.
CMP : 84.50
Target : 89.50
Stoploss : 81.85
This is not a buy or sell call, this analysis is shared for educational purpose.
Aluminium 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...
NALCO for long-term.
Stock near 52WK low in price bound range (67-81) since June 22.
Technical: Cup formation
If held for more than 1 year, then a target of 111 also possible.
Remark: Growth + Dividend Stock
Hello everyone, Today I am again here with a new swing trade NATIONAL ALUMINIUM as you can see it has made a double bottom and a support at 200 ma and also rsi is heading upwards towards 70 and 80 and when you go to Monthly Chart you will find that a very previous line that is supporting it at this point and if you watch its nature it is a stock that when moves up...
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...
National Aluminium is displaying a Rounding bottom reversal formation in 30 mins.
There is also a gap present just above the breakout level.
Increased volume builtup can be seen.
Intraday Long above 98.85 can fetch 102/103.50
Good positional bet too.
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 Company Limited, abbreviated as NALCO, (incorporated in 1981) is a Navratna group ‘A’ CPSE. NALCO is engaged in the business of manufacturing and selling of Alumina and Aluminium. The Company is the lowest-cost producer of metallurgical grade alumina in the World and lowest-cost producer of Bauxite in the world as per Wood McKenzie report.