The stock is out of consolidation and is in uptrend. See charts for the targets
Disclaimer : 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...
#national aluminum Has delivered 25%. Now need to watch. Of sustains the breakout out...then bigger targets will be achieved.!! #VR
NATIONALUM 1,long time down trend reversed 2, rising wedge pattern up side move 3. next target coming soon
Look fresh in range 90-96 for upside 120-140 med term with SL 70...!!!
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NSE: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...
Chart indicating a high probability of bullish trend to continue on a 1h time frame. INTIMATIONS:- 1- BASIC TRENDLINE: Closing on Support/Resistance at 85.00INR. NSE:NATIONALUM 2- MOMENTUM INDICATOR: RSI crossing 60 with high volumes. 3- TREND INDICATOR: ADX crossing 20 hence trend is confirmed. WHAT TO DO:- 1- SWING TRADE: FOLLOW THE STRICT...
I think it is a good buying setup Hammer Formation exactly on trend line and just above support
Medium term view The stock is near support level.
NATIONALUM : Rounding bottom - Given in April at 60 - CMP 87 - Strong resistance now. Just personal view
Levels mentioned in the chart. Please use comment section for any queries/suggestions :-)
National Aluminium Share has broken the resistance of 85, if you see in 15minutes times frame, . So, the share tested this level multiple times, and Finally it is broken. . You can see chart in weekly time frame after Rs.85.50 it had reached Rs.100 in the year between 2017-2018. . So you can make the position once it cross 85.50. . What's your view on this comment...
NALCO looks too good on weekly and monthly charts. Building up great volumes on charts. will wait for confirmation and trade on breakout. Weekly close above 81 will take it to 100/120/140. Will keep SL of 73 on weekly basis. ***DO YOUR OWN ANALYSIS BEFORE TAKING ANY TRADE.***
Buying Area 75-76 Good till it holds 73 Tgts 86/88
Nationalum is looking good as it fromed inverse H&S and gave breakout.Now above 76.00-76.50 it may hit 79-82-85+++. We will keep SL 70-71 as result on 28.06.2021 high volatility possible .We are tracking Nationalum 80 CE ( july ) for very short term.
NATIONAL ALUMINIUM COMPANY Triangle Formation in the Daily chart, the share is Uptrend and take a Support in the 20 Period Moving Average you can buy this stock the Stop loss is the Small. THE CORRECTION IS THE ALMOST COMPLET.