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NATIONALUM

NATIONAL ALUMINIUM SWING BUYNational Aluminium is already in a strong uptrend. Reason behind the swing: 1. Taking a support over the drawn trendline. 2. Morning star is made on the trendline support. 3. 55 EMA support. 4. Earnings announced are also good. Entry will be when it gives a closing >=104 , as it may took a resistance from the zone of 102-104. Entry : when closed above 104 Stoploss : 97.35 ( placed below the trendline and LOW of doji ) Target : 124+ ( previous swing high ) RR ratio --> 1:3 Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:NATIONALUMLong
by hjharsh
Simple Positional Long Trade Setup | NALCO | SHORT-MID TERMNSE: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. Please refer below chart : 1 day Time Frame. --------------------------------------------------- Simple Positional Trade Setup. Please refer below chart : 1 hr Time Frame. --------------------------------------------------- On 1 hr time frame, If it sustain above 104 level then one can take buy trade. SL will be 98 with targets of 112.50 and 116 level. One can also take positional buy trade from CMP with SL of 98 with targets of 108,112.50 and 116 level. If it sustain take support from 100 or 96 level then one can take positional buy trade with targets of 108,112.50 and 116 level. For mid term positional trade keep SL at 94 level. Below 94 level it will be bearish. Rest all details are mentioned on the chart. ------------------------------------- Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with SL as per your risk capacity. This is just my personal view. It is not a trade recommendation. Better to consult with financial advisor before making any investment.
NSE:NATIONALUMLong
by Trading_hawk
Formation of Inside Bar Pattern in Daily ChartDisclaimer : This is just my view as I am learning how price action works only by watching this particular stock. NALCO has formed a Inside Bar Pattern on Daily Chart. This might indicate a big move above 91 or below 87.8 Since aluminum index is stable and is more in demand, I feel it’s a long from this support line of 89-90. Might expect a big move if the pattern activates. Just a analysis, correct me if I’m wrong at any point. Thanks.
NSE:NATIONALUMLong
by vijay_kothari
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. ------------------------------------- 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.
NSE:NATIONALUM
by Trading_hawk